Eden secures $165 mn finance for 450 MW solar project

29 Jan 2021 CW Staff

Leading solar power developer Eden Renewables India has tied up with Standard Chartered Bank, DBS Bank Ltd and Sumitomo Mitsui Banking Corporation (Singapore Branch) for $165 million (approximately Rs 1,200 crore) funding for its 450 MW peak solar power project in Rajasthan.

According to a statement, Eden Renewables India (Eden) successfully secured financial assistance for its 450 MWp (megawatt peak) SECI-III solar photovoltaic (PV) project, with a group of three major international banks.

The SECI-III project is being financed through a green limited recourse project term loan of $165 million provided by Standard Chartered Bank, DBS Bank Ltd and Sumitomo Mitsui Banking Corporation (Singapore Branch).

The project, currently under construction in Rajasthan, was awarded to Eden within the context of a tender launched by the Solar Energy Corporation of India (SECI), following which Eden signed a power purchase agreement (PPA) with SECI in June 2019. The project's commissioning is expected in the first half of 2021.

Eden Renewables India has expressed its eagerness to provide expertise in high-scale solar PV farms to contribute to a low carbon environment in the country which is in line with the country's objective of achieving 40% non-fossil fuel generation by 2030.

Eden Renewables India was founded in 2016 as a joint venture between EDF Renewables and Total Eren to build and operate solar PV projects across India. As of 2021, the company has 207 MWp operating solar plants, 450 MWp under construction, and over 1,600 MWp under development and due to be commissioned by 2022.

Image Source

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..