With this collaboration, the promoters of wind projects in the country will benefit from long-term low cost financing under the dedicated EUR 600 million renewable energy financing programme that is already supporting large-scale solar investment across the country. The European Investment Bank (EIB) will increase its support for India’s wind energy projects by expanding the existing lending programmes […]
Further, this transaction is the result of stressed asset resolution process initiated by the lenders through a competitive bidding process. Renascent Power Ventures, arm of Resurgent Power, signed a Share Purchase Agreement (SPA) with a consortium of lenders led by State Bank of India (SBI) to acquire 75.01 percent stake in Prayagraj Power Generation Company […]
With the help of global corporates, we expect this transformative action to be undertaken on ground, resulting in access to light for the 1 billion unconnected people, said Upendra Tripathy. India-led International Solar Alliance (ISA) will create ecosystems for startups in solar innovations by enabling incubation, partnerships, access to finance and standards. The task force, set up […]
The bank now possesses a capacity of 21.23 MW in renewable power source. According to bank, adding the current capacity to 25 MW will help it save Rs 30 Crore annually. State Bank of India (SBI), country’s largest lender said that it expects to save Rs 30 Crore through its investment in solar and wind […]
The State Bank of India gets EUR 200 Million long-term loan from European Investment Bank to fund five different solar power projects in Tamil Nadu and Telangana. The European Investment Bank has confirmed new support for solar power generation in India in partnership with the State Bank of India. The EUR 200 million (INR 1400 […]
The World Bank has facilitated an additional grant of 22.93 million dollars to India to further increase the installed grid-connected rooftop solar photovoltaic (GRPV) programme in the country. The add-on grant of 22.93 million dollars has been sanctioned under the Global Environment Facility (GEF), and will support the overall $625 million GRPV programme approved by […]
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