German developmental bank KfW last week signed a €200 million loan agreement with India’s state-owned Rural Electrification Corporation to support the development of renewable energy in rural areas throughout India.
India will receive help from one of the leading renewable energy generators in the world for integration of the large number of renewable energy projects the former expects to install over the coming years.
India’s state-owned power transmission infrastructure developer has signed an agreement for $500 million in debt financing to set up dedicated transmission lines for renewable energy projects.
India’s ambitious solar power program has received another major boost from the World Bank. The World Bank recently announced funding worth $1 billion for grid-connected and utility-scale solar power projects. The Bank has tied up with India’s largest bank — State Bank of India — for dispersal of the funds, … [continued]
India has received a major funding boost from multilateral and international development banks for its ambitious rooftop solar power program. The Ministry of New & Renewable Energy has announced that India’s rooftop solar power program is expected to receive low-cost debt funding worth $2.5 billion from several international development banks. … [continued]
India’s Green Energy Corridors project has received a major funding boost with the Asian Development Bank providing $1 billion loan. The Asian Development Bank (ADB) announced that it will provide $500 million in government-backed loan and an additional $500 million in non-sovereign loan, which will be provided to Power Grid … [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]
As expected, 2015 will see a record issuance of green bonds, and after a lean September, October has seen a record monthly issuance, making it the best month for the green bonds market this year. According to the green bonds issuance tracker Climate Bonds Initiative, October has already seen issuance … [continued]
Germany and India have strengthened their cooperation in the renewable energy sector following German Chancellor Angela Merkel’s recent visit to India. Germany announced that it would offer India financial assistance of €1 billion for the implement of the ambitious green energy corridors project — a network of transmissions lines dedicated to carrying … [continued]
On the sidelines of the Hannover Messe industrial trade fair in Germany this year, the results of a survey conducted by the global accounting consultancy firm EY, and research agency Delphi were released, which compared the investment climate in the BRICS countries. More than 90% of the surveyed CEOs and CFOs from leading German high-tech companies … [continued]
