The 900 megawatt-DC solar farm in the Phalodi-Pokhran Solar Park in the State of Rajasthan, India, is the seventh and largest project of its type in line to be commissioned by SB Energy Holdings Limited (SB Energy), a majority-owned subsidiary of SoftBank Group.
MUMBAI: MUFG Bank (MUFG) has acted as sole green structuring advisor for a $333 million financing deal for SoftBank’s largest solar project in India. This marks the first green certification of a solar project loan for both the borrower and the country, the bank said in a release.
It underscores both MUFG’s sustainable financing capabilities as well as commitment towards partnering clients in their environmental, social and governance (ESG) objectives, the lender said in a release.
The 900 megawatt-DC solar farm in the Phalodi-Pokhran Solar Park in the State of Rajasthan, India, is the seventh and largest project of its type in line to be commissioned by SB Energy Holdings Limited (SB Energy), a majority-owned subsidiary of SoftBank Group.
MUFG also acted as original mandated lead arranger and lender, bookrunner, facility agent, intercreditor agent, account bank and hedging bank. This is the third project financing undertaken by MUFG for Softbank in India. The transaction closed in August, and with the bank’s assistance, attained green certification on 22 December 2020.
Source: energy.economictimes.indiatimes
