CDC Announces $30 Mn Green Lending Facility to Tata Cleantech Capital

CDC Announces $30 Mn Green Lending Facility to Tata Cleantech Capital

CDC has announced a USD 30 million facility to Tata Cleantech Capital Limited through its directed green lending facility.

CDC Group, the UK’s development finance institution and impact investor, has announced a USD 30 million facility to Tata Cleantech Capital Limited (TCCL), through CDC’s directed green lending facility. This first of its kind facility will enable TCCL to offer loans to businesses across India that focus on e-mobility solutions as well as water and energy efficiency, to help mitigate the effects of climate change.

India is the world’s fourth-largest emitter of greenhouse gas emissions and is amongst the top ten water consuming countries in the world (World Resource Institute, 2017). CDC, through this facility, aims to enhance efforts to avoid greenhouse gas emissions by increasing the deployment of energy efficiency and e-mobility solution. Additionally, this will also facilitate the reduction of freshwater consumption by funding water efficiency and wastewater treatment projects to reduce water stress. The objective is to support climate change mitigation in India.

Manish Chourasia, Managing Director, TCCL said “we are delighted to have CDC Group partner with TCCL in its journey to mobilise climate finance in India. TCCL will help develop the nascent cleantech sectors viz E-mobility, Energy Efficiency and Water Efficiency in India through CDC’s directed green lending facility. We look forward to deploying the CDC facility in order to fill in the market gap in the above sectors, while pursuing a developmental agenda with sustainability at its core.”

While India’s resource efficiency sector is in its nascent stage, the demand for resource efficiency services and products is increasing exponentially. CDC’s facility aims to address the financing barrier by directing lending to specific sub-sectors, incentivising the rapid deployment of capital at scale. The facility will further demonstrate the bankability of resource efficiency solutions to customers and investors alike, helping catalyse the growth of the market. 

CDC’s facility to TCCL contributes to the achievement of UN Sustainable Development Goals 6 (Clean Water and Sanitation), 7 (Affordable and Clean Energy), 12 (Responsible Consumption and Production) and 13 (Climate Action).

Srini Nagarajan, Managing Director and Head of Asia at CDC, said “this pioneering facility is the first of its kind for CDC and helps address some of the most important climate and resource challenges India is experiencing. Our partnership with TCCL will enhance resource availability and efficiency for people across the country, helping to boost CDC’s long-term objective of supporting climate-resilient communities and businesses. Looking forward, we are keen to invest more of our long-term capital in target green sectors that will drive India’s transition to a net-zero carbon future.”

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Ayush Verma

Ayush is a staff writer at and writes on renewable energy with a special focus on solar and wind. Prior to this, as an engineering graduate trying to find his niche in the energy journalism segment, he worked as a correspondent for