India-based Mufin Green Finance announced plans to finance INR500 crore (~$ 5.90 million) worth of solar projects by 2026. The company completed its first transaction worth INR3.25 crore (~$ 0.38 million) for a rooftop solar unit in Gujarat. Diversifying from EV financing, Mufin aims to support 2 lakh solar installations, offering loans from INR1 lakh to INR10 crore with quick, collateral-free approvals. This initiative aligns with India’s renewable energy goals and includes residential and commercial projects. Backed by recent equity and debt funding, Mufin Green is poised to drive solar adoption across the country.
Mufin Green Finance plans for INR500 crore solar financing by 2026
Mufin Green Finance’s INR 500 crore solar initiative includes fast collateral-free loans for 2 lakh installations by 2026. (Image Credit/Source: Bones64/Pixabay)
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