World Bank Gives Final Approval For $100 Million Loan For Indian Solar Power Parks
The World Bank recently gave its final approval to a $100 million loan for two large-scale solar power parks in India.
The World Bank recently gave its final approval to a $100 million loan for two large-scale solar power parks in India.
India’s largest power producer, NTPC Limited, has launched a fresh tender for the country’s largest solar power park.
One of the largest solar panel manufacturers in India has doubled its production capacity to 400 megawatts.
The world’s largest steel manufacturer, ArcelorMittal, has sought approval for setting up one of the largest solar power projects developed by a single company in India.
All-out efforts by the Indian government to boost renewable energy generation in the country have reached another milestone as the operational solar power capacity crossed 10 gigawatts.
The world’s largest thin-film solar panel manufacturer, First Solar, is expected to sell 200 megawatts of capacity in India as it looks to return its focus back to its core business.
Rewa solar power park will receive debt finance at just 0.25% from the World Bank. A few weeks back, a competitive auction for the 750 megawatt (MW) solar power park in Rewa, Madhya Pradesh, yielded the lowest-ever tariff for a solar power project in India.
The Indian government has allocated $90 million in subsidies for setting up rooftop solar power projects across 28 states and its various organizations, a recent press release showed.
The first phase of one of the largest solar parks in India is set to be operational in the next four months.
Solar power is now the least expensive source of electricity in 60 countries around the world, according to Bloomberg New Energy Finance. Why is that important? Many of those countries are part of the developing world, places where, until recently, people have been living in conditions barely more advanced than feudal times.