IFC commits $105 million to Brookfield’s 550 MW solar project in Rajasthan

IFC commits $105 million to Brookfield’s 550 MW solar project in Rajasthan

International Finance Corporation has committed to part finance a 550 MW solar power project in Bikaner, Rajasthan, being developed by Brookfield Asset Management with $105 million through long-term non-convertible debentures allocated to the project’s special purpose vehicles.“Following IFC’s commitment, Brookfield will provide solar power to commercial and industrial consumers across India at more competitive tariffs through long-term power purchase agreements (PPAs) and contribute…
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