Inox Clean Energy will raise ₹3,400 crore from NaBFID through a 20-year loan to refinance debt at seven Vibrant Energy SPVs acquired from Macquarie. Priced around 8–8.5 percent, the loan covers operational solar, wind and hybrid projects with long-term corporate PPAs. Executed under a restricted group structure, the refinancing strengthens capital structure and highlights NaBFID’s growing role in long-tenor renewable energy financing, following ICEL’s acquisition of Vibrant Energy and supporting future portfolio stability and growth plans.
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