Roofsol Energy secures Rs 260 crore financing for C&I solar portfolio
Roofsol Energy has secured Rs 260 crore in financing from Aseem Infrastructure Finance to expand its commercial and industrial (C&I) solar independent power producer (IPP) portfolio in India.
The company said the funding will support the development of its C&I solar IPP projects, including installations for JK Tyre & Industries Ltd, as well as around 100 MWp of additional C&I solar IPP capacity across the country.
Project expansion
According to Roofsol Energy, the financing will be used to scale its renewable energy portfolio under the IPP model, with a focus on serving commercial and industrial consumers.
Aseem Infrastructure Finance is a Reserve Bank of India (RBI)-registered non-banking financial company (NBFC) classified as an Infrastructure Finance Company (IFC).
Recent projects
Earlier this month, Roofsol Energy commissioned a 3.5 MWp rooftop solar project for Apache Footwear India Private Limited and a 2.5 MWp rooftop solar power plant for Sudha Somany Ceramics Private Limited at their manufacturing facilities in Andhra Pradesh under the operations expenditure model. Â
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