London-based Mytrah Energy Ltd has secured an Rs 853 Crs long-term loan from an unnamed Indian bank to finance 150 MW of wind projects.
The company expects to completed the said capacity in the coming 12 months, before India's 2016 wind season kicks off.
According to the company, the proposed capacity will be completed within 12 months.
With the new wind farms, Mytrah’s nominal capacity will top 690 MW.
So far, the firm has installed 543 MW of wind parks across six Indian states and it has 3,500 MW of projects in the pipeline.
Last week, Mytrah agreed to construct a 220-MW wind park in the Indian state of Andhra Pradesh within 18 months under a deal with the local government.
India aims to boost its installed renewable plant capacity to a total of 170 GW by 2022, up from 34 GW at present.
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