Thursday
March 18
2021

USAID, DFC Announce $41 Million Financing for Renewable Energy in India

The United States Agency for International Development (USAID) and the US International Development Finance Corporation (DFC) have announced a USD 41 million-loan guarantee program to finance investment in renewable energy solutions by Indian SMEs.

The United States Agency for International Development (USAID) and the US International Development Finance Corporation (DFC) have announced a USD 41 million-loan guarantee program to finance investment in renewable energy solutions by Indian SMEs.

“USAID and DFC are jointly sponsoring a USD 41 million loan portfolio guarantee to help finance investments by Indian small and medium enterprises (SMEs) in renewable energy solutions, including rooftop solar installations. These loans will enable SMEs to access reliable power and cut costs,” a statement said.

Photo courtesy of World Bank Photo Collection.

Source: Financial Express (link opens in a new window)

Categories
Energy, Investing
Tags
clean energy, impact investing, microgrid, renewable energy, small business, SMEs, solar