WB lends for solar
The World Bank would lend India more than US$1 billion for its huge solar energy programme, after Prime Minister Narendra Modi sought climate change funds from its visiting President Jim Yong Kim.
“Prime Minister Modi’s personal commitment toward renewable energy, particularly solar, is the driving force behind these investments,” World Bank President Jim Yong Kim noted in a statement released after he met Modi.
“The World Bank Group will do all it can to help India meet its ambitious targets, especially around scaling up solar energy,” he said. It will th bank’s biggest solar aid for any country.
India has 300 days a year of sunshine to generate power and help fight climate change.
India has set a goal of raising its solar capacity nearly 30 times to 100 gigawatts by 2020.
The Indian solar programme is also attracting mega investment proposals from top companies and institutions.
India offers “one of the best solar resources and a sound government support for the development of solar sector. The country provides a good platform for
Fortum said India provides a good platform for solar business. fii-news.com
