RENEW WIND ENERGY (RAJASTHAN 3)
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
ReNew Wind Energy (Rajasthan 3) Private Limited, is a project company established with the purpose of developing, constructing and operating a 100.8MW wind power plant situated in the State of Rajasthan, India. The project shareholder is ReNew Power Ventures Private Limited, an India-based wind developer, which is held in majority by GS Wyvern Holdings Limited, an investment arm of the Goldman Sachs Group.
What is our funding objective?
FMO's financing will be used to develop, construct and operate the 100.8MW wind power plant. The project is 50:50 debt funded by FMO and Rabobank.
Why do we fund this investment?
The project's development impact includes generation of much needed energy from a domestic and renewable source. This will provide diversification of the fuel mix (India's generation mix is dominated by thermal power), energy security (India is facing power shortages), and avoiding greenhouse gas emissions. Strong (regulatory) support from the Indian Government is in place for the development of renewable energy.
- Region
- Asia
- Country
- India
- Sector
- Energy
- Effective date
- 4/30/2015
- End date
- 7/11/2019
- Total FMO financing
- USD 29.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+