From pv journal India

Cleantech Solar, a pan-Asia provider of renewable power to firms, introduced the monetary closing of a $102.5 million, long-term senior secured mortgage from Aseem Infrastructure Finance. It stated the funds can be used to enhance India’s open-access business and industrial (C&I) portfolio.

Cleantech Solar stated it’ll deploy rupee time period loans (RTL) for the development, improvement and operation of its open-access photo voltaic and wind parks in a number of Indian states. Power from renewable power initiatives might be bought by company shoppers on a captive foundation for his or her enterprise operations.

The initiatives will serve shoppers protecting many sectors, resembling actual property, automotive, chemical manufacturing and iron and metal. Cleantech Solar presently has a portfolio of 1.2 GWp.

“This financing from Aseem Infrastructure Finance will speed up the implementation of our open entry renewable power initiatives in India and assist progress in the direction of a extra sustainable and environmentally aware panorama of power, driving constructive change for the business and the planet,” stated Sachin Jain, CEO of Cleantech Solar.

Singapore-based Cleantech Solar has a number of photo voltaic and wind hybrid initiatives throughout India and Southeast Asia, comprising roughly 1.2 GWp of belongings. These embody installations in India, Singapore, Cambodia, Indonesia, Malaysia, Thailand and Vietnam. Long-term strategic shareholders assist the corporate: Keppel Ltd., Keppel Asia Infrastructure Fund, and Shell Singapore.

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