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.
Indian Renewable Energy Development Agency (IREDA) will sanction debt finance worth Rs 13,000 crore ($2 billion) for renewable energy projects across the country in financial year 2017-18.
The European Investment Bank is considering financing wind energy project across two states in India. According to information available at the website of the European Investment Bank (EIB), the bank is considering providing loans worth US$85 million to three wind energy projects in the states of Madhya Pradesh and Andhra Pradesh … [continued]
The Indian Government is looking to ramp up financing for renewable energy projects as it looks to achieve large capacity addition targets. Government-owned financial entities Rural Electricity Corporation (REC) and Power Finance Corporation (PFC) are expected to make available around $15 billion to renewable energy projects. The two companies are … [continued]
As the Indian renewable energy market heats up with new and bigger projects being announced every week, private and public sector financial entities are looking to raise fresh funds to cater to the increasing demand. The Indian Renewable Energy Development Agency (IREDA), the primary government-sector entity that is responsible for … [continued]
The Asian Development Bank continues to support the development of renewable energy in India. The Asian Development Bank (ADB) has released $200 million in long-term debt finance to Indian Renewable Energy Development Agency (IREDA) to support the development of renewable energy projects. The $200 million debt finance is part of … [continued]
The Indian Renewable Energy Development Agency has announced a huge bond issue likely to be the first among a long list of similar capital raising exercises to finance the country’s renewable energy infrastructure. The Indian Renewable Energy Development Agency (IREDA) is the primary government body looking after financial lending and incentives in … [continued]
An increasing number of international financial institutions are now looking to partner with India to help it realise the ambitious renewable energy capacity additions targets the government has set for the next five to seven years. The International Finance Corporation (IFC) has announced that it has entered into an agreement with … [continued]
President Obama is in India as the state guest for Republic day celebrations here. Needless to say, clean energy is a major focus area in the dialogue between the two countries. To spur the solar sector, and meet its 100 GW solar goal, India is looking for investments to the … [continued]
As mentioned in my 2012 solar energy expectations yesterday, I think India’s got a good chance of shooting onto the solar power map this year. Following up on solar in India, a recent report by Bridge to India estimates that the country will have 33.4 gigawatts (GW) of solar power installed by … [continued]