The yield has risen around 20 basis points since the Reserve Bank of India raised the repo rate last week to 5.50 per cent and shifted its monetary policy stance to calibrated tightening
The yield has risen around 20 basis points since the Reserve Bank of India raised the repo rate last week to 5.50 per cent and shifted its monetary policy stance to calibrated tightening
Higher interest rates could increase the cost of debt for renewable energy, storage, power and associated infrastructure projects
Rahul Munjal, Founder & Chairman, Hero Future Energies, said on the partnership, “We are delighted to welcome Sumitomo Corporation as a strategic partner in this project."
In his new role, Arora will oversee the company's financial strategy, capital management and long-term financial planning
IIFCL will be the sole lender for the project, with the financing carrying a repayment tenor of 19 years
The 435 MWp project is among the larger solar projects being developed in Uttar Pradesh and will add renewable power generation capacity to the state
The mechanism attempts to address a growing tension in India's renewable build-out
The funds will primarily support the company’s growth plans, including acquisitions
According to the company, the transaction has reduced borrowing costs by about 150 basis points across the issuing SPVs
