IFC set to invest Rs.2,800 crore in MP Solar park – Feedback

In one of the biggest deals in the renewable energy space, International Finance CorporationBSE -4.94 % (IFC), part of World Bank group, is close to investing $440 million or Rs 2,800 crore in Rewa Ultra Mega Solar Park in Madhya Pradesh.

Investment will be in the form of debt in three companies — Mahindra Renewables, Acme and Actis — that are setting up units in the solar park, a person close to IFC told ET. The 750 megawatt (MW) park has commitments from Mahindra Renewables, Acme and Actis.


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