Tata Cleantech receives $30 million investment from CDC Group

The CDC Group, a UK-based development finance institution, has announced a $30 million credit facility to Tata Cleantech Capital. The deal marks the first green loan facility offered by the CDC Group. The investment will allow Tata Cleantech to provide loans to businesses involved in e-mobility solutions, water and energy efficiency. CDC will look to invest more of its long-term capital in India’s green energy sector that will catalyse the shift to a net-zero-carbon future.