Recently during the 5th Renewable Energy Expo in New Delhi, Shri Deepak Gupta, Secretary MNRE announced that NVVN has informed MNRE that all solar developers from first batch of Phase I have achieved financial closure. This excludes 2 projects that were canceled.
I find it somewhat tough to believe that all projects could achieve financial closure. With couple of IREDA projects still looking at funding; I am sure there would still be some NVVN projects that are looking at financial closure.
Any opinion / on-ground feedback welcome.