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The Rs 460-crore project will come up in Gujarat and support India meet clean energy targets by 2030

The loan tenor is up to 10 years with a two-year grace period. IFC may mobilise around $50 million from parallel lenders.

Rabobank India deals with international wholesale banking activities with Indian clients as well as Dutch clients operating in India.

The company will also deploy three times its loan amount, through its own resources and other sources of funding, towards the same target beneficiaries over the next three years, IFC added.