Welspun Energy, on Thursday, said it had achieved financial closure of its 20 MW wind power project in Jaisalmer in Rajasthan.

``Welspun Energy has achieved financial closure of its 20 MW wind power project at Jaisalmer.

The company has received a sanction exceeding Rs.120 crore as against a debt requirement of Rs.88 crore,” the company said in a statement here.

The entire project cost has been funded on a 75:25 debt-equity ratio.

Welspun Energy Solar Rajasthan, a fully-owned subsidiary of the company, had signed a power purchase agreement (PPA) with the Rajasthan Renewable Energy Corporation.