Cleantech Solar Secures Rs 8.55 Bn Green Finance for Open Access Portfolio
POWER & RENEWABLE ENERGY

Cleantech Solar Secures Rs 8.55 Bn Green Finance for Open Access Portfolio

Cleantech Solar has successfully secured Rs 8.55 billion in long-term green finance to bolster its open access solar portfolio. This funding is aimed at accelerating the deployment of solar energy solutions across various industrial and commercial sectors in India.

The financing, structured as a green loan, underscores Cleantech Solar's commitment to sustainable energy initiatives and reducing carbon footprints. It will enable the company to expand its renewable energy capacity through the development of additional solar projects under the open access model.

The open access model allows industrial and commercial consumers to directly procure renewable energy from third-party generators, promoting cleaner energy consumption and cost savings. Cleantech Solar's strategic use of green finance will facilitate broader access to renewable energy solutions and support India's renewable energy targets.

The funding infusion will also enable Cleantech Solar to strengthen its market position in the renewable energy sector by enhancing operational capabilities and expanding its customer base. It aligns with global and national efforts to transition towards a low-carbon economy and mitigate climate change impacts.

As Cleantech Solar moves forward with its expansion plans, stakeholders and industry observers anticipate positive impacts on energy sustainability and economic development. The green finance initiative highlights the growing investor interest in renewable energy projects and their pivotal role in India's energy transition journey.

Cleantech Solar has successfully secured Rs 8.55 billion in long-term green finance to bolster its open access solar portfolio. This funding is aimed at accelerating the deployment of solar energy solutions across various industrial and commercial sectors in India. The financing, structured as a green loan, underscores Cleantech Solar's commitment to sustainable energy initiatives and reducing carbon footprints. It will enable the company to expand its renewable energy capacity through the development of additional solar projects under the open access model. The open access model allows industrial and commercial consumers to directly procure renewable energy from third-party generators, promoting cleaner energy consumption and cost savings. Cleantech Solar's strategic use of green finance will facilitate broader access to renewable energy solutions and support India's renewable energy targets. The funding infusion will also enable Cleantech Solar to strengthen its market position in the renewable energy sector by enhancing operational capabilities and expanding its customer base. It aligns with global and national efforts to transition towards a low-carbon economy and mitigate climate change impacts. As Cleantech Solar moves forward with its expansion plans, stakeholders and industry observers anticipate positive impacts on energy sustainability and economic development. The green finance initiative highlights the growing investor interest in renewable energy projects and their pivotal role in India's energy transition journey.

Next Story
Infrastructure Transport

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

Next Story
Infrastructure Transport

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Next Story
Infrastructure Transport

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?