India-based Avaada Energy, part of the Avaada Group, has secured INR597 crore ($71.1 million) in refinancing for its commercial and industrial (C&I) solar projects in Karnataka and Maharashtra. The refinancing, provided by NIIF Infrastructure Finance Limited (NIIF IFL), allows Avaada to secure more financial terms including reductionof its financing costs and enabling the prepayment of existing loan facilities. This deal also releases capital for future investments, supporting Avaada’s energy transition portfolio.
Avaada Energy closes INR597 crore refinancing for PV
Avaada Energy’s refinancing agreement aims to free up capital for future investments. (Image credit/Source: Mrganso/Pixabay)
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