Vibrant Energy (Vibrant), a developer of corporate renewable energy solutions has secured over Rs 2,200 crore of project financing from Power Finance Corporation (PFC) for the construction of 300 MWac of Wind-Solar Hybrid projects in Madhya Pradesh and Karnataka. This financing will stand out as one of the largest project financing deals in the Indian Renewables Industry in 2023.
Srinivasan Viswanathan, CEO, Vibrant Energy, said, "We are excited to partner with Power Finance Corporation in building one of India’s biggest corporate renewable energy projects. This partnership will bring us closer to achieving India’s vision of realizing 500 GW by 2030. We look forward to continuing this partnership and enabling more green energy solutions for Corporate India.”