Cleantech projects attracting financial institutions

Cleantech projects attracting financial institutions
“We have the mandate to fund projects in the areas of renewable energy, energy efficiency, and water management,” said Avijit Bhattacharya, CEO, Tata Cleantech Capital
The energy and the water resources in the country are stressed and need significant investments to cater to future demand. Tata Cleantech Capital Limited (TCCL) has been formed to capitalise on the opportunity as well as enable the creation of clean energy and water infrastructure in the country. Avijit Bhattacharya talks what’s new about the cleantech projects and TCCL’s role to strengthen it.
How is the concept of financing cleantech projects catching up in India?Cleantech projects are attracting significant attention globally as well as in India, although it’s in early stage. Several institutions sponsored by the government, private financial institutions and banks are active in funding of cleantech projects. Cleantech sector specific PE funds are providing equity to many projects. Multilateral financial institutions are active both in the equity and debt funding of cleantech projects.

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