May 07, 2026 08:15 am (IST)
Follow us:
Tata Cleantech Capital Limited signs MoU with IREDA
Mumbai /Kolkata, Apr 4 (IBNS): Tata Cleantech Capital Limited (TCCL), a Joint Venture of Tata Capital Limited and IFC Washington (World Bank Group) has signed a Memorandum of Understanding (MoU) with Indian Renewable Energy Development Agency (IREDA) to promote the cause of Renewable Energy in India.
The MoU was signed by Praveen P Kadle, Managing Director and CEO, Tata Capital and K.S. Popli, Chairman and Managing Director, IREDA.
Both the organisations are specialist Cleantech Financing Institutions deeply invested in their efforts to promote development of renewable energy in India.
This collaboration will help both the institutions share opportunities, distribute risks and leverage their respective underwriting capacities. While this arrangement will help TCCL to syndicate and down-sell transactions co-underwritten and co-financed with IREDA, the latter will be able to churn its portfolio and reach its objective of a ‘Development Institution’ by extending loans to newer projects and newer customers.
The association between TCCL and IREDA will further help in consortium financing. Both the institutions aim to participate in consortiums led by each other. With co-financing transactions, there will be greater alignment of key terms between the two organisations and this will help in faster closure of consortium documentation.
Speaking on the occasion, Praveen P Kadle, Managing Director and CEO, Tata Capital said, “Tata Cleantech Capital is excited to partner with IREDA to help achieve India’s Clean Energy Target of 175 GW by 2022. This collaboration will bring the two Institutions together towards joint development of innovative financial mechanisms, co-underwriting and co-financing facilities, syndication and social and environment management of projects being undertaken.”
While signing the MoU, K.S. Popli, Chairman and Managing Director, IREDA said, “It is well-known that India will have to look beyond coal to meet its growing power demand. IREDA is committed towards development and growth of Clean Energy Sector in India. Given our common objectives, this collaboration with Tata Cleantech Capital Limited will help combine skills and capacities of two organisations in developing new and innovative products and sharing of best practices.”
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Amidst rising input costs, manufacturing growth remains positive: FICCI Manufacturing Survey
Wed, May 06 2026
Nissan Motor India launches nationwide AC Check-up Camp to help customers stay summer-ready
Wed, May 06 2026
India’s chip dream accelerates! Cabinet approves new Rs.3,936 cr semiconductor push
Wed, May 06 2026
Iran War: India has enough policy buffers to absorb heightened global uncertainties, says RBI Dy Governor
Tue, May 05 2026