Fermi Solarfarms Private Limited (FSPL) #47082
Created at
2025-03-28
Last update
2025-12-03
3 Parents (Involvements as child)
ID
Name
Avaada Energy Private Limited (AEPL)
Country of registration/origin
India
Classification
Private company
Relationship
Parent company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %
ID
Name
Asian Development Bank (ADB)
Country of registration/origin
Philippines
Classification
Multilateral Development Bank (MDB)
Relationship
Tertiary investor/lender
Parent relation
Joint venture of parent companies
Investment type
Shares/Equity
Loan amount
25 000 000
$
Loan date
2019-01-01
Comment
Invested via compulsory convertible debentures (CCDs) in AEPL. Project includes Chalisgaon 80 MW among other sites.
There are two unnamed European development finance institutions which are co-investors of ADB and LEAP with equity shares of 50 million USD. Names are not disclosed in the public report
ID
Name
Leading Asia's Private Infrastructure Fund (LEAP)
Country of registration/origin
Philippines
Classification
Bilateral Development Bank / Development Finance Institution
Relationship
Tertiary investor/lender
Investment type
Debt financing
Loan amount
25 000 000
$
Loan date
2019-01-01
Comment
Funded by Japan International Cooperation Agency. Invests under same terms as ADB.
0 Children (Involvements as parent)
1 Deals (Involvements as Operating company)
ID
Target country
India
Current intention of investment
Solar park
Current negotiation status
Concluded (Contract signed)
Current implementation status
In operation (production)
Deal size
85.14 ha