The portfolio of Enel Green Power India comprises 760 megawatts (MW) of operational wind and solar power assets and a development pipeline of 2 gigawatts (GW). Of the operational capacity, solar power projects comprise 420 MW, with the balance 340 MW coming from wind power.
SAEL Secures $1 Billion Capital for Renewable Energy Portfolio - SAEL, a renewable energy company, has announced the acquisition of $1 billion in funding from diverse financial institutions, including Norfund,.
Asian Development Bank and Tata Cleantech Capital are the other financiers. The company did not provide a break up of how much of the funding was in the form of debt and what component was an equity investment. ET had reported on 18 January that SAEL Industries was close to finalising a $1 billion funding. DFC recently financed Adani Ports and Special Economic Zone with a $550 million loan for its port terminal project in Sri Lanka.
The Norwegian Climate Investment Fund, managed by Norfund, and KLP, Norway’s largest pension company, sign agreement to invest approx. $9m for 49% stake in the second project in Gadag district in.