The facility will initially finance the 450 MW hybrid portfolio of solar and wind renewable projects that AGEL is setting up in Rajasthan. In March 2021, AGEL had closed a USD 1.35 billion construction revolver facility in one of Asia's largest project financing deals, it added. According to the definitive agreements, seven international banks BNP Paribas, Cooperatieve Rabobank UA, Intesa Sanpaolo S.p.A., MUFG Bank Ltd, Societe Generale, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation committed for the facility, which is a certified green hybrid project loan.