Vector Green refinances two solar projects in Telangana

Vector Green Energy has completed the refinancing of two solar projects with a combined capacity of 223 MW in Telangana. The company had acquired these projects from First Solar in 2017. This was made possible through the long-term non-recourse financing raised from IndusInd Bank and L&T Infra Debt Fund as the two had sanctioned Rs 10 billion towards the acquisition of the First Solar portfolio. Reportedly, Vector Green Energy is planning to acquire an additional 240 MW of operational capacity by March 2018, taking the company’s operational base to 350 MW.