Azure Clean to raise US$14.3 mn from International Finance Corporation (IFC)
International Finance Corporation (IFC), is lending US$14.3 million to PE-backed Azure Power India Pvt Ltd's renewable energy arm Azure Clean Energy Pvt Ltd, as per a disclosure. The proposed fund raising will support company's proposed 40 MW solar photo voltaic (PV) plant in Rajasthan. The company plans to set up a 40 MW solar photovoltaic (PV) plant in Nandiya Kalan and Hardhani villages in Baori Tehsil of Jodhpur district in the state of Rajasthan. They also develop another 60 MW capacity solar PV plant in the same area.