Clix Capital Procures USD 20 Million Loans from Global Climate Partnership Fund to Boost Sustainable Projects
Non-banking financial company (NBFC) Clix Capital announced it has signed an agreement with Global Climate Partnership Fund (GCPF) for USD 20 million (around INR 160 crore) loan.
August 01, 2023. By EI News Network
Non-banking financial company (NBFC) Clix Capital announced it has signed an agreement with Global Climate Partnership Fund (GCPF) for USD 20 million (about INR 160 crore) loan.
He said the utilisation of the fund would be done in the subsequent six to eight months.
He stated the funding would be made to MSMEs, like suppliers of solar power producers or those indulged in waste management functioning towards the minimisation of carbon emission.
He further added, "As climate change mitigation becomes a cross-policy agenda globally, our efforts are aligned to advance sustainable and green lending. As a responsible lender, we are committed to supporting India's green journey via credit support and assisting businesses with CO2 reporting, green lending development, and environmental and social risk management initiatives.”
David Diaz Formidoni, Head of Financial Institution Investments, responsAbility, said, "Coupling Clix Capital's expertise in providing credit to unbanked businesses with our mission to promote renewable energy and energy efficiency investments, we are poised to support a transformation in India's sustainable development landscape".
GCPF is a Luxembourg-based innovative impact investing fund managed by responsAbility Investments AG.
It finances RE and energy efficiency projects throughout several developing and evolving countries directly and indirectly.
Since its incorporation in 2003, responsAbility has utilised over USD 13 billion in impact investments. As of March 1, 2023, the company manages USD 4.8 billion in assets approximately 280 portfolio companies in 74 nations.
please contact: contact@energetica-india.net.
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