STARTUP STREETS

IREDA’s Long-Term Project Financing Scheme for Solar Energy Projects in India.

Objective:

To provide long-term financing for solar energy projects, including solar PV and solar thermal projects, to promote the development and deployment of renewable energy in India.

Eligibility Criteria:

1. Project Developer: Any Indian entity, including private companies, public sector undertakings, and government agencies.

2. Project Location: Anywhere in India.

3. Project Capacity: Minimum 1 MW.

4. Project Technology: Solar PV or solar thermal technology.

5. Project Completion: The project should be completed within 12-18 months from the date of loan disbursement.

Documents Required:

1. Project Report: A detailed project report, including technical, financial, and environmental details.

2. Business Plan: A comprehensive business plan, including market analysis, financial projections, and management team details.

3. Financial Statements: Audited financial statements for the past 3 years.

4. Collateral Security: Collateral security, such as land, buildings, or equipment, to cover at least 25% of the loan amount.

5. Government Approvals: Copies of government approvals, such as environmental clearance and grid connectivity approval.

6. Technical Specifications: Technical specifications of the project, including equipment details and system design.

Loan Terms:

1. Loan Amount: Up to 70% of the project cost.

2. Interest Rate: Competitive interest rates, currently ranging from 9.1% to 10.5% per annum.

3. Repayment Tenure: Up to 15 years.

4. Moratorium Period: Up to 12 months.

Additional Benefits:

1. Interest Subsidy: Interest subsidy of up to 3% per annum.

2. Capital Subsidy: Capital subsidy of up to 30% of the project cost, subject to a maximum of ₹2.5 crore per MW.

Application Process:

1. Pre-Feasibility Report: Submit a pre-feasibility report, including project details and feasibility studies.

2. Detailed Project Report: Submit a detailed project report, including technical, financial, and environmental details.

3. Loan Application: Submit a loan application, including project financing details.

4. Sanction: IREDA will sanction the loan after due diligence and approval.

Team – Intellex Strategic Consulting Private Limited

Sudheendra Kumar ( Mobile /WhatsApp: 91-9820088394)

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