State Bank of India

EIB Expands Cooperation with SBI in Wind Energy Financing

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 […]

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Renascent Power to Buy 75% PPGCL under Stressed Asset Resoln Process

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 […]

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ISA to Create Ecosystems for Startups in Solar Innovations

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 […]

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SBI to Save Rs 30cr Via Investing in Green Energy

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 […]

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World Bank to grant additional 22.93 million dollars for solar projects in India

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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