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KfW has struck an agreement to provide the State Bank of India (SBI) with a EUR150 million (US$154 million) loan to boost solar energy growth in India.
Through this partnership, SBI will use the capital to provide loans to project developers, who are expected to install sufficient solar farms to generate over 600 GWh annually.
On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), KfW promotes the solar collaboration with India.
