The World Bank has offered a new assistance package for the development of rooftop solar power projects in India. According to media reports, the World Bank will offer $648 million in funding assistance for the installation of rooftop solar power projects in the small and medium scale company segment. This … [continued]
The largest commercial bank in the Indian subcontinent finally followed the lead of several other private sector banks in India and launched its first-ever green bond. The bond issue was not only a mega success but also lent a hand to the Indian government that is desperate to stem the falling rupee against the US dollar.
India’s largest bank — State Bank of India — is reportedly planning to launch several green bond issues to raise a total of $3 billion.
Citigroup had recently announced plans to lend, invest, and facilitate deals worth $100 billion by 2025, to support projects that will fight climate change and protect the environment. While this might seem to be a lofty target, the company had previously set a goal of $50 billion for similar initiatives in 2007, and was able … [continued]
Private sector project developers in India’s rapidly growing renewable energy would be happy to have the backing of the country’s largest bank as they get ready to participate in cut-throat competitive bidding. The State Bank of India (SBI) has committed to provide $12.5 billion in debt funding to renewable energy … [continued]
Modi’s recently concluded visit to Australia was the first for an Indian prime minister in as many as 28 years. Needless to say, energy was a key part of the discussions. Piyush Goyal, India’s energy minister, let loose the proverbial cat among the pigeons when he announced that India would be … [continued]
ACME Solar has secured a loan of Rs 202 crore ($34 million US) from the IFC for the development of 100 MW of solar power capacity in India.
