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."
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