DBS Bank Completes Aseem Infrastructure’s First USD 80 Mn Green ECB Loan

As one of the world’s fastest-growing major economies, India’s energy demand is expected to increase significantly over the next decade, driven by rising urbanisation and industrial development. Renewable energy has been contributing an increasing share in the power mix, with installed capacity at ~ 220.10 GW as of March 31, 2025 (Ministry of New and Renewable Energy), in keeping with the national target of achieving 500 GW of non-fossil fuel energy capacity by 2030.

With a vision to create a climate positive world, AIFL plays a key role as a credit institution, with funding solutions that are not mere financial transactions, but building blocks for a sustainable future.

As the sole sustainability coordinator of this USD 80 million transaction supporting renewable energy projects in India, DBS Bank Ltd. provided structuring support grounded in internationally recognised sustainable finance principles. In 2024, Global Finance named DBS the Best Bank for Sustainable Finance – India, further underscoring the bank’s broader commitment to responsible banking.

Managing Director and CEO of DBS Bank India Ltd., Rajat Verma, commented on the deal saying, “This maiden green loan is a milestone for AIFL, and DBS is proud to be a trusted partner in their journey as they support India’s transition to a decarbonised future."

Virender Pankaj, CEO at Aseem Infrastructure Finance said, “This maiden ECB transaction represents a pivotal step in our mission to drive sustainable development by harmonising economic growth with environmental responsibility. Facilitated by DBS Bank Ltd., this loan empowers us to channel investments into Renewable Energy projects, catalysing climate-positive infrastructure across India. It sets a lasting benchmark for eco-conscious infrastructure development. We are delighted to partner with DBS, whose global expertise and commitment to sustainable finance perfectly aligns with our vision for responsible, impact-driven infrastructure lending.”