MUFG Bank achieves green certification for solar farm in India
MUFG Bank on Tuesday said that it has acted as sole green structuring advisor for a USD 333 million financing deal for SoftBank’s latest and largest solar project in India.
This marks the first green certification of a solar project loan for both the client and the country, and underscores both MUFG’s sustainable financing capabilities as well as commitment towards partnering clients in their environmental, social and governance (ESG) objectives, said the company in a statement released in Singapore.
The 900 megawatt-DC solar farm in the Phalodi-Pokhran Solar Park in Rajasthan is the seventh project in line to be commissioned by SB Energy Holdings Limited (SB Energy), a majority-owned subsidiary of SoftBank Group.
