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.
Country updates
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November 10, 2022
TPREL receives LoA for 150 MW solar PV project in Maharashtra
Maharashtra State Electricity Distribution Corp. Ltd. (MSEDCL) has awarded Tata Power Renewable Energy (TPREL), a renewable energy unit of Tata Group, a letter of award (LoA) for the develop...
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October 31, 2022
RRECL launched RfP for 50 MW rooftop solar PV projects in Rajasthan
Rajasthan Renewable Energy Corporation Limited (RRECL) has launched a Request for Proposal (RfP) for the development, design, supply, erection, testing, and commissioning including operation and maint...
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October 20, 2022
USD652.54 million MoU signed for 1.19 GW Solar project in Indi
The Coal India Limited (CIL) has signed a INR54 billion (US$652.54 million) Memorandum of Understanding (MoU) with Rajasthan Vidyut Utpadan Nigam limited (RVUNL) for the developmen...
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October 19, 2022
Suzlon to develop 48.3 MW wind power project in Gujarat
Adani Green Energy has commissioned Suzlon Group to develop a 48.3 MW wind power project in Mandvi, Gujarat, India. The wind farm is anticipated to be operational in 2023. Suzlon will supply, install...
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October 19, 2022
SJVN, Assam Power sign MoU for 1 GW floating solar PV project
SJVN and Assam Power Distribution Co. Ltd. (APDCL) have signed a memorandum of understanding (MoU) to jointly develop a 1 GW floating solar photovoltaic (PV) project in the Indian state of Assam. The...
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