Eden Renewables India raises $165 million in funding for a 450 MW solar project

Eden Renewables India has announced financial closure for its 450 MW solar project in Rajasthan. The project raised $165 million in finance from three major international banks. The solar project was financed through a green limited recourse project term loan from DBS Bank, Standard Chartered Bank and the Sumitomo Mitsui Banking Corporation, Singapore. For the financing deal, Eden Renewables was advised by Herbert Smith Freehills and L&L Partners Law Offices as legal advisers, and Chatham Financial Europe was the hedge benchmark adviser.