Corporate renewable energy solutions provider to build wind-solar projects in Madhya Pradesh and Karnataka
Vibrant Energy, a company specializing in corporate renewable energy solutions, has secured project financing worth over Rs 2,200 crore from state-run Power Finance Corporation (PFC) for building 300 MWac wind-solar hybrid projects in Madhya Pradesh and Karnataka.
This funding is expected to be one of the biggest project financing deals in the Indian renewables industry this year.
According to Srinivasan Viswanathan, CEO of Vibrant Energy, the company is aiming to facilitate more green energy solutions for corporate India with this funding.
This project is expected to significantly contribute towards India’s renewable energy targets and reduce its carbon footprint.