Azure closes $20 M OPIC loan for Indian rooftop solar

Azure Sunlight will utilize a US$20 million loan facility for the development of a rooftop solar portfolio in India with a total capacity of 19 MW. 

The financing package will be provided by Overseas Private Investment Corporation (OPIC) with a tenor of 15 years. 

The project comprises the development, financing, construction and operation and maintenance of an approximately 19 MW portfolio of rooftop solar generation systems located in various cities throughout India.

This Project will have a positive developmental effect on the host country, India. The Project will address India’s growing need for energy through a clean, renewable source and thus help reduce its reliance on coal-fired generation.