Tata Cleantech Capital receives $30 million from Britain’s CDC

Britain’s finance institution CDC Group has announced a $30 million credit facility to Tata Cleantech Capital, an arm of Tata Capital under its green lending facility. …

The facility will enable Tata Cleantech to offer loans to businesses across the country that focus on e-mobility solutions as well as water and energy efficiency, thus help mitigate the effects of climate change. This is CDC’s first directed green lending facility. The CDC loan aims to address the financing barriers by directing lending to specific sub-sectors, incentivising rapid deployment of capital at scale thus helping achieve the sustainable development goals.

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