Foreign funds flow set to skyrocket for renewable energy projects in India

From The Economic Times:  Big-ticket announcements involving American loans for renewable energy projects, green bonds, venture capital and pension funds are on the cards after US President Barack Obama and Prime Minister Narendra Modi pledged to collaborate in the area of clean energy and combat climate change.
 
Officials at the renewable energy ministry said deals would be negotiated at a high-profile event next month, when Modi will kick off a gathering of industry leaders, bankers, investors and central bank officials from the US, India, Europe and other regions.
 
A team of senior US officials and executives from funding agencies, ministries and companies will interact with Indian officials from the finance ministry, Reserve Bank of India and other agencies to help India meet its ambitious target of adding 1 lakh megawatt of clean energy, which is 40% of the country's total generation capacity now, at a cost of Rs 6 lakh crore. 

 

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

OutBack Power - Radian series Inverter/Charger and Integrated Battery Rack

OutBack Power - Radian series Inverter/Charger and Integrated Battery Rack

Off-grid or on-grid, system designers and installers now have a comprehensive power conversion and storage solution from the name they trust: OutBack. Engineered from the ground up, OutBack's preassembled systems make balance-of-system components easier to specify and install in any residential or commercial installation. The Radian packs over 8,000 Watts of pure sine-wave continuous power and can be stacked into an 80 kW configuration for larger applications. The Integrated Battery Rack (IBR) is a 28.8 kWh one-box solution with all electrical connections made at the factory and shipped fully-assembled (without batteries) for quick connection on the jobsite.