High Tech Solar Provider to Off-Grid Telecom Towers

Delphos advised AST on an approximately $400 million 80 MW project to provide turnkey power management solutions, including PV solar panels, to telecom tower operators in India. Delphos assisted AST in securing a $150 million loan from OPIC, which reached financial close in the first quarter of 2014. Ex-Im Bank has also provided a $5 million loan to AST. Delphos was responsible for all aspects of the financing process, including financial modeling, preparing information memoranda and other disclosure materials, coordinating lender due diligence, negotiating finance agreements, and ensuring prompt disbursement.



  • Telecom, Media and Technology

Client Name

Applied Solar Technologies (“AST”)

Services Provided

  • Capital Raising


  • Asia


  • India