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India’s NBFC Crisis Exacerbating Financing Challenges for Utility-Scale Solar Projects

Lending crisis brewing in the solar industry

May 23, 2019

/ shaurya
/ Mercom Research Focus, Other,
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Since September 2018, India’s Non-Bank Financial Companies (NBFC) have been in a crisis after Infrastructure Leasing, and Financial Services (IL&FS) admitted to defaulting on several payments to its creditors, consequently leading to a liquidity crisis.

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