Cleantech Solar on Tuesday announced the financial close of a ₹855-crore long-term senior secured loan from Aseem Infrastructure Finance. The funding is for the advancement of its open-access commercial and industrial (C&I) portfolio in India, the renewable energy solution provider said. The rupee term loan will be deployed towards the construction, development and operation of Cleantech Solar’s open-access solar and wind parks across multiple Indian states. The clients include companies in the real estate, automotive, chemical manufacturing, and iron and steel sectors. Aseem Infrastructure Finance CEO Virender Pankaj said: “At Aseem Infra, we are committed to driving the growth of the renewable energy sector by providing bespoke debt financing solutions that cater to the unique needs of our clients.

Source: The Hindu June 25, 2024 21:01 UTC