5 MW Solar PV Plant in Gujarat, India
Delphos arranged $13.8 million in senior debt from the Overseas Private Investment Corporation (OPIC) in January 2012 to support the development and construction of a 5 MW solar PV plant in Gujarat, India. Delphos arranged $14.7 million (75% of total project costs) in long-term, senior debt from OPIC to finance 75% of the development, construction, and operation of a 5 MW solar PV facility in Gujarat, India. Delphos also arranged political risk insurance for the Project Sponsor’s (MEMC Electronics Materials Inc.) equity investment through OPIC.
