Blueleaf secures financing for 200-MW wind-solar project in India

• Blueleaf Energy's Pachora Hybrid project in India secures financing from Axis Bank, set to generate over 600 GWh annually with international buyers lined up for I-RECs.

Blueleaf Energy has secured financing for a 200-MW wind and solar hybrid power project in Madhya Pradesh, India. Axis Bank will provide around USD 170 million for the project, named Pachora Hybrid, which is expected to start commercial operation in 2025. The project has secured grid access at the Pachora ISTS substation and is projected to generate over 600 GWh of power annually.

Blueleaf has buyers lined up for International Renewable Energy Certificates (I-RECs) and power purchase agreements. The environmental attributes will be supplied to an international tech company, while power without attributes will be delivered to an Indian power trader. Blueleaf Energy is owned by a Macquarie Asset Management managed fund.

What financing has Blueleaf Energy secured for its 200-MW hybrid power project in India?

• Blueleaf Energy has secured financing of around USD 170 million for its 200-MW wind and solar hybrid power project in Madhya Pradesh, India.
• Axis Bank will provide the financing for the project, named Pachora Hybrid, which is expected to start commercial operation in 2025.
• The project has secured grid access at the Pachora ISTS substation and is projected to generate over 600 GWh of power annually.
• Blueleaf Energy has buyers lined up for International Renewable Energy Certificates (I-RECs) and power purchase agreements.
• The environmental attributes will be supplied to an international tech company, while power without attributes will be delivered to an Indian power trader.
• Blueleaf Energy is owned by a Macquarie Asset Management managed fund.