Cleantech Solar raises Rs 6.25 billion in green financing

Cleantech Solar has finalised a substantial long-term senior secured loan of Rs 6.25 billion from Tata Capital Limited. The funds are earmarked for the development of its open access portfolio in India. A portion of the drawdown has already been completed, and the remaining amount is scheduled to be concluded in 2024. This is intended to fulfill the funding needs for Cleantech’s ongoing construction pipeline of open access projects. Cleantech Solar plans to use the rupee term loan for the construction, development, and operations of open-access solar and wind parks in various states of India.