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Cleantech Solar Receives INR 855 Crore Green Capital from Aseem Infrastructure Finance
With the increasing need for sustainable energy solutions, Cleantech Solar is committed towards rapidly expanding its portfolio, currently at 1.2 GWp.
June 26, 2024. By News Bureau
Cleantech Solar has announced the financial close of a long-term senior secured loan from Aseem Infrastructure Finance Limited, amounting to INR 855 crores. The Rupee Term Loan (RTL) will be deployed towards construction, development and operations of Cleantech Solar’s open access solar and wind parks across multiple Indian states. Power from these renewable energy parks will be purchased by corporate clients on a captive basis for their business operations.
These projects will expand the company's open access Commercial and Industrial (C&I) portfolio in India and as well as serve clients from a variety of industries, including real estate, automotive, chemical production, iron and steel. With the increasing need for sustainable energy solutions, Cleantech Solar is committed towards rapidly expanding its portfolio, currently at 1.2 GWp, and helping leading businesses make the switch to renewable energy.
Virender Pankaj, CEO of Aseem Infrastructure Finance Limited said, “Aseem Infrastructure Finance is pleased to offer long-term debt finance that will greatly aid in the growth of their Open Access green energy portfolio. At Aseem Infra, our mission is to propel the renewable energy industry's expansion by offering customized debt financing options that address each client's particular demands. This is in line with our vision to help create a futuristic India through transformative infrastructure financing, we have been making rapid strides, as reflected in our high-quality asset book crossing the INR 13,500 crores mark within a short span of time; comprising of over 50 percent exposure in the renewable sector.”
Sachin Jain, CEO of Cleantech Solar said, “It has been an honour to serve as some of the top companies in the world's choice renewable energy partner, assisting them in running their businesses profitably and sustainably while also making a positive impact on the environment. Our open access renewable energy projects in India will be implemented more quickly thanks to this funding from Aseem Infrastructure Finance, which will also contribute to the development of a more robust and ecologically conscious energy landscape that will benefit the world and the industry alike. My congratulations to both teams for this long-term partnership.”
Aseem Infrastructure Finance is a renowned finance firm that supports sustainable infrastructure development projects. With a particular emphasis on renewable energy, the organization offers unique finance options to encourage the expansion of clean energy ventures.
These projects will expand the company's open access Commercial and Industrial (C&I) portfolio in India and as well as serve clients from a variety of industries, including real estate, automotive, chemical production, iron and steel. With the increasing need for sustainable energy solutions, Cleantech Solar is committed towards rapidly expanding its portfolio, currently at 1.2 GWp, and helping leading businesses make the switch to renewable energy.
Virender Pankaj, CEO of Aseem Infrastructure Finance Limited said, “Aseem Infrastructure Finance is pleased to offer long-term debt finance that will greatly aid in the growth of their Open Access green energy portfolio. At Aseem Infra, our mission is to propel the renewable energy industry's expansion by offering customized debt financing options that address each client's particular demands. This is in line with our vision to help create a futuristic India through transformative infrastructure financing, we have been making rapid strides, as reflected in our high-quality asset book crossing the INR 13,500 crores mark within a short span of time; comprising of over 50 percent exposure in the renewable sector.”
Sachin Jain, CEO of Cleantech Solar said, “It has been an honour to serve as some of the top companies in the world's choice renewable energy partner, assisting them in running their businesses profitably and sustainably while also making a positive impact on the environment. Our open access renewable energy projects in India will be implemented more quickly thanks to this funding from Aseem Infrastructure Finance, which will also contribute to the development of a more robust and ecologically conscious energy landscape that will benefit the world and the industry alike. My congratulations to both teams for this long-term partnership.”
Aseem Infrastructure Finance is a renowned finance firm that supports sustainable infrastructure development projects. With a particular emphasis on renewable energy, the organization offers unique finance options to encourage the expansion of clean energy ventures.
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