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Business Wire India - Multimedia: Digest for June 26, 2024

Business Wire India - Multimedia

Multimedia By Business Wire India
Business Wire India

Cleantech Solar, a leading provider of renewable energy solutions to corporations in India and Southeast Asia, is pleased to announce the financial close of a long-term senior secured loan amounting to INR 855 crores from Aseem Infrastructure Finance Limited for the advancement of its open access Commercial and Industrial (C&I) portfolio in India.
 
The Rupee Term Loan (RTL) will be deployed towards construction, development and operations of Cleantech Solar's open access solar and wind parks across multiple Indian states. Power from these renewable energy parks will be purchased by corporate clients on a captive basis for their business operations. These projects will serve clients spanning several sectors, such as real estate, automotive, chemical manufacturing and iron and steel. As the demand for sustainable energy solutions continues to rise, Cleantech Solar is committed towards rapidly expanding its portfolio, currently at 1.2 GWp, and helping leading businesses make the switch to renewable energy.

Mr. Virender Pankaj, CEO of Aseem Infrastructure Finance Limited, said:
 
"Aseem Infrastructure Finance is glad to partner with Cleantech Solar to provide long-term debt financing that will significantly contribute to the expansion of their Open Access green energy portfolio. At Aseem Infra, we are committed to driving the growth of the renewable energy sector by providing bespoke debt financing solutions that cater to the unique needs of our clients. As a testament to this, current debt solution was meticulously structured to meet the financing requirements of C&I project base of ~253 MWdc capacity across 13 SPVs, spread over four states and having a very diversified offtaker composition. This collaboration with Cleantech Solar reiterates our unwavering dedication to sustainability and our confidence in the transformative potential of renewable energy projects. We look forward to continuing and further strengthening our partnership with Cleantech Solar in future."

Mr. Sachin Jain, CEO of Cleantech Solar, said:
 
"It has been an honour to be the preferred renewable energy partner for some of the world's leading corporations, helping them run operations sustainably and economically whilst contributing to a greener grid. This financing from Aseem Infrastructure Finance will accelerate the implementation of our open access renewable energy projects in India and help advance towards a more resilient and environmentally conscious energy landscape, driving positive change for both the industry and the planet. My congratulations to both teams for this long-term partnership!"
Business Wire India

World-famous Punjabi singer Diljit Dosanjh visited Roundglass Foundation's tree plantation site at ­­Sekhan Majra village, Mohali, in Punjab on Sunday (June 23) to extend his support for the Foundation's Billion Tree Project.

Diljit, along with his Jatt & Juliet 3 costar Neeru Bajwa, director Jagdeep Sidhu, and producer Manmord Sidhu planted trees at the site and interacted with Roundglass Foundation volunteers, team members, and locals in the village.

Diljit Dosanjh may be one of the biggest global superstars that India has created but, in his heart, Diljit is the quintessential Punjab da Puttar who carries Punjabi values of sewa and connection with the community everywhere with him.

Diljit posted about his visit to Roundglass Foundation on Instagram: https://www.instagram.com/p/C8jufSaRuW_/

"I am truly impressed by The Billion Tree Project and the other environmental and sustainability initiatives by the Roundglass Foundation. I believe planting trees is true sewa and your mission to plant one billion trees in Punjab is remarkable. I am always beside you; call me anytime for sewa," Diljit Dosanjh told the Roundglass Foundation team after planting trees.

Roundglass Foundation Leader, Vishal Chowla, who was present at the event said, "We are deeply grateful to Diljit, Neeru, Jagdeep, and Manmord for taking time out from their busy schedules to visit us. Their presence and support for our work and mission means a lot to us and is a huge morale booster for our team, which is working round the clock to regreen Punjab by planting 1 billion trees."

The Jatt & Juliet 3 team also donated to Roundglass Foundation's The Billion Tree Project and invited the MGNREGA workers engaged with the foundation to watch their upcoming movie.

The Billion Tree Project, which started in 2018 is a science-based climate action project, aimed at reforestation, improving groundwater levels, enhancing biodiversity, and promoting carbon sequestration. Under this Project, Roundglass Foundation plants native species, that can grow and thrive in the local soil and weather conditions. In addition to climate and environmental action, this programme has enabled economic opportunities for thousands of local women and men. More than 2.2 million native trees have been planted so far under this programme, creating 1,200+ mini forests and generating 10,000+ jobs under the MGNREGA Scheme.

This wasn't the first time the Jatt and Juliet team showed their support for the programmes run by Roundglass Foundation. Last week, Jagdeep Sidhu, who is also an environment enthusiast, visited Roundglass Foundation Nursery at Lang village and a mini forest and waste management centre set up by the Foundation at Baran village in Patiala. Jagdeep is the director of Jatt & Juliet 3 and other blockbuster hits such as Sufna, Qismat and Moh.

In 2023, Neeru Bajwa visited Roundglass Foundation Sports Centre in Ludhiana and interacted with 300 young girls training under the 'One Girl One Football' programme. Neeru inspired the girls to dream big and break gender stereotypes.

The Punjab film and entertainment industry has been openly coming out in support of The Billion Tree Project. 100+ celebrities – including big names like Sargun Mehta, Ammy Virk and Nimrat Khera –participated in a social media campaign to support the Project and, in turn, Roundglass Foundation is planting 500 trees in the name of each artiste. Thanks to these Climate Champions, Punjab will be greener by almost 50,000 trees. 
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