Deals11 Mar 2025, 12:49 am
Epic Energy Secures First Major Client for Solar Park in Solapur
AI Summary
Epic Energy Limited has received a Letter of Intent from a prestigious 275 bed NABH accredited Oncology and Cancer Care Center based in Nashik, Maharashtra, for the purchase of 2.4 MWp Solar Power. The project is expected to be completed by FY 26 and will be developed under a Special Purpose Vehicle (SPV) at an estimated cost of approximately 38.50 crores. The client is a financially stable institution with a strong credit rating.
Key Highlights
- Epic Energy has received a Letter of Intent for the purchase of 2.4 MWp Solar Power from a reputable Oncology and Cancer Care Center.
- The project is expected to be completed by FY 26 and will be developed under a Special Purpose Vehicle (SPV).
- The project will cost approximately 38.50 crores and will be funded through a balanced mix of debt and equity.
- The client is a financially stable institution with a strong credit rating.
- This marks a significant step for Epic as they secure their first major client for the upcoming Solar Park in Solapur.