Moser Baer Clean Energy, the renewable energy vertical of Moser Baer India, is investing $1 billion (Rs 5,100 crore approximately) for setting up solar projects with a cumulative capacity of 300 MW in the country and abroad in the next nine months. The company is well-funded right now, as it raised around USD 1 billion in the last 12 months.
The company recently commissioned a 23.8-MW solar farm at Lauta, in Germany. The project has been constructed with long-term debt funding fromDKB Bank, Germany, which has also financed its Thuringen and Meissens projects. Moser Baer Clean Energy also commissioned a 30-MW solar farm, developed at an approximate investment of Rs 465 crore, in Banaskantha district of Gujarat in October this year.
