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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.

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