With the costs increased for coal-based power, Tata Cleantech Capital may fund as much as Rs 2,500 crore ($401 million) on renewable and energy-efficiency projects in India. The combined cost of grid power and diesel generators that many companies use nowadays is higher than solar, the company reasoned for its move to fund renewable energy projects. The Tata Cleantech Capital has been set up jointly by Tata Capital and International Finance Corp.
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