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

SolarRoofHook - Low Profile QuickBOLT

SolarRoofHook - Low Profile QuickBOLT

SolarRoofHook's Low Profile QuickBOLT with Microflashing™ is the industry's affordable, UL Certified Asphalt Shingle mounting system. The Microflashing™ is compressed by the collar on the bolt to create a water-tight seal. With an installation time of less than one minute, the Low Profile QuickBOLT allows installers to complete more jobs.