Vibrant Energy Finance for Wind-Solar Projects
Vibrant Energy Secures Rs. 2,200 Crore Project Financing from Power Finance Corporation (PFC) for Wind-Solar Hybrid Projects in Madhya Pradesh and Karnataka
Vibrant Energy, a leading provider of corporate renewable energy solutions, has recently announced that it has secured over Rs. 2,200 crore of project financing from the state-run Power Finance Corporation (PFC) to construct 300 MWac wind-solar hybrid projects in Madhya Pradesh and Karnataka. This funding deal is considered one of the largest project financing deals in India’s renewable energy sector in 2023.
According to Srinivasan Viswanathan, CEO of Vibrant Energy, this financial assistance will help the company to create more green energy solutions for corporate India. He further added that Vibrant Energy is committed to accelerating the transition to a sustainable future by providing cost-effective and reliable renewable energy solutions to its clients.
With this latest development, Vibrant Energy has once again demonstrated its leadership in the Indian renewable energy market. The company has a proven track record of developing and operating innovative renewable energy solutions for large corporates across the country.
Overall, this significant investment from PFC will not only help Vibrant Energy to expand its renewable energy portfolio but will also enable India to achieve its ambitious renewable energy targets. It is a significant step towards a greener and more sustainable future for India.
About Vibrant Energy:
Vibrant Projects, a company that was established on January 14, 2020 and registered in Thane, Maharashtra, India, has been in operation for 2 years and 2 months. The company’s paid-up capital is 10.00 Lakh. As of March 30, 2023, MCA records show that 2 directors are associated with the company. However, it has been marked as Strike Off.
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