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Tata Cleantech, JICA sign 10 bn yen loan deal for climate change projects

The loan will support Tata Cleantech to mitigate the impact of climate change by offering green finance

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Tata Cleantech has so far funded development of 9.8 GW renewable energy which has averted annual carbon emissions of 15.1 million tonne

Jyoti Mukul New Delhi
Japan International Cooperation Agency (JICA) has signed a loan agreement for a maximum amount of JPY 10 billion with Tata Cleantech Capital Limited (TCCL), a non-banking financial company, to support the company to offer loans to businesses across India that focus on renewable energy generation, e-mobility solutions as well as energy efficiency, to help mitigate the effects of climate change by reducing the emission of greenhouse gas (GHG) in India following the green loan principles. 

The loan would be provided through the private sector investment finance scheme of JICA and is co-financing with the Sumitomo Mitsui Banking Corporation (SMBC). TCCL

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