AMPIN Energy Transition has achieved financial closure for its 200-MW solar-wind hybrid project in Rajasthan. The green financing of Rs 742 crore for the project has been secured from Standard Chartered.

The total investment for this project is valued at Rs 944 crore. Once completed, the plant is expected to generate about 435 million units of renewable energy annually, providing power to 74,486 households.

Standard Chartered has a vision to scale up the reach of sustainable finance in support of such projects, with plans to mobilise USD 300 billion in sustainable finance by 2030.