Welspun – among the most ambitious players operating in India’s fast-growing wind and solar sectors – said the investment comprises $405m of debt, $165m of equity and a $47m credit line.
No further details were given about the details of the funding round, which features existing and new investors.
Welspun has a goal of building a total of 5GW of wind and solar capacity “over the next few years”, and plans to have 1GW of that up and running “well within this financial year”.
GE
