Monday
April 5
2021

World Bank Offers $100 Million Credit Guarantee for Rooftop Solar Power in India

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The World Bank has offered a new assistance package for the development of rooftop solar power projects in India.

According to media reports, the World Bank will offer $648 million in funding assistance for the installation of rooftop solar power projects in the small and medium scale company segment. This package includes a credit guarantee scheme worth $100 million. The assistance will be delivered through the State Bank of India, the country’s largest commercial bank.

Photo courtesy of Marufish.

Source: CleanTechnica (link opens in a new window)

Categories
Energy, Environment
Tags
emerging markets, environment, environmental impact, SDGs, Sustainable Development