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| Acciona concludes the long-term finance for windparks in India Spanish contractor Acciona has agreed long-term finance with the State Bank of India (SBI) for its two windparks (29.7 MW installed capacity) in that country. The 18.14-million-euro operation (1,270 million rupees) is the biggest non-recourse single project finance operation carried out to date in the Indian wind power sector. Formalised through its subsidiary Acciona Wind Energy (P) Ltd., the finance agreement shows the confidence of the financial markets in Acciona's ability to carry out renewables projects as a global supplier of services and installations in this field. The project convers the Anabaru (16.5 MW) and Arasinagundi (13.2 MW) windparks located in the State of Karnataka in southern India., both wholly owned by the company. The facilities represent a total investment of 29.6 million euros (2,072 million rupees) and entered service in 2008. write your comments about the article :: © 2009 Construction News :: home page |