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Northern Arc Secures $65 Mn Debt Commitment from Global Development Banks for Maiden Climate Fund

  • Northern Arc has secured $65 million in debt commitments for its maiden Climate Fund.
  • The debt commitments include $50 million from the United States International Development Finance Corporation (DFC) and $15 million from OeEB, the official Development Bank of the Republic of Austria.
  • The climate fund will provide debt financing to businesses involved in energy efficiency, green buildings, e-mobility, sustainable agriculture, and solar energy.
  • The fund aims to promote sustainable development and support climate-driven enterprises in India.

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