Cleantech Solar Secures INR 855 Crore Loan for Renewable Expansion

Cleantech Solar has secured a long-term senior secured loan of INR 855 crores from Aseem Infrastructure Finance Limited. This funding will be used for the construction, development, and operations of open access solar and wind parks across India. These projects aim to provide sustainable energy solutions to various corporate sectors.

Cleantech Solar, a pioneering provider of renewable energy solutions, has successfully secured a long-term senior secured loan of INR 855 crores from Aseem Infrastructure Finance Limited. The financial agreement aims to propel the construction, development, and operation of Cleantech Solar's open access solar and wind parks spread across multiple Indian states.

This considerable funding will benefit a range of corporate sectors including real estate, automotive, chemical manufacturing, and iron and steel. As the demand for sustainable energy continues to surge, Cleantech Solar remains committed to expanding its extensive portfolio that currently stands at 1.2 GWp, thereby assisting leading businesses in their transition to renewable energy.

Speaking on the partnership, Mr. Virender Pankaj, CEO of Aseem Infrastructure Finance Limited, expressed his enthusiasm, emphasizing the institution's commitment to the renewable energy sector. Complementing this, Mr. Sachin Jain, CEO of Cleantech Solar, voiced his appreciation for the financing, highlighting its role in accelerating the implementation of green energy projects, thus driving significant positive change for both industry and the environment.

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