30 Jun '16, 4pm

World Bank to lend US$1 billion for Indian solar push in 2017

World Bank to lend US$1 billion for Indian solar push in 2017

World Bank Group president Jim Yong Kim and India's fiance minister Arun Jaitley shake over the agreements. Source: World Bank Group The World Bank Group today signed an agreement with the International Solar Alliance (ISA), which was formed at the COP21 Paris summit last year, and is comprised of 121 countries led by India, to partner on scaling up solar energy use globally, with the goal of mobilising US$1 trillion in investments by 2030 . The World Bank is also providing India with US$1 billion in loans during 2017 for solar development, the largest solar investment by the Bank. The agreement was signed and witnessed by key players in the energy sector, including India’s energy minister Piyush Goyal , finance minister Arun Jaitley and of course prime minister Modi and World Bank Group president Jim Yong Kim. The agreement signifies that the WBG is a sanctioned financial...

Full article: http://www.pv-tech.org/news/the-world-bank-to-mobilise-us...

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cleantechnica.com 04 Jul '16, 5pm

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