Cleantech Solar has secured an INR 855 crore long-term senior secured loan from Aseem Infrastructure Finance Limited to fund the construction, development, and operations of its open access Commercial and Industrial (C&I) renewable energy portfolio in India. This loan will support approximately 253 MWdc capacity projects across 13 Special Purpose Vehicles (SPVs) in four states. According to the company, the generated power will be purchased on a captive basis by corporate clients in various sectors, including real estate, automotive, chemical manufacturing, and iron and steel. Cleantech Solar is rapidly expanding its 1.2 GWp portfolio to meet the rising demand for renewable energy solutions.
Aseem Infrastructure funds Cleantech Solar
Cleantech Solar’s debt solution is tailored for a 253 MWdc C&I project base across four Indian states. (Image Credit: Cleantech Solar)
The dual-use project integrates agriculture under solar panels and floating aquaculture with energy storage. (Image Source: PRNewswire)
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)
The 20 MW solar project actively supports Eramet’s SBTi roadmap and climate goals. (Image Source: SolarPanal/Pixabay)
Sherco Solar is the Upper Midwest’s largest solar project, set to power 150,000 homes when fully operational. (Image Source: Xcel Energy)