Yes Bank has also launched its first Green Bond Impact Report. Credit: Yes Bank
Three major development banks have joined major Indian private sector financier Yes Bank and signed a charter to mobilise green investments in India.
FMO, the Development Bank of the Netherlands, along with DEG, the Development Bank of Germany, and Proparco, the Development Bank of France, all partnered with Yes Bank to help expand their green portfolios in India.
Yes Bank has also launched its first Green Bond Impact Report, highlighting the achievements of the Bank’s three green bonds that have financed renewables projects in nine states.
Rana Kapoor, managing director and CEO, Yes Bank, said: “The government’s thrust towards transforming India into a low-carbon economy offers financial institutions and investors an unprecedented opportunity to leverage green financing as a growth accelerator for sunrise and climate positive sectors such as renewable energy. Yes Bank has taken a lead in demonstrating innovative climate financing mechanisms, and catalysing the Indian climate finance market.”
The PV IndiaTech 2020 conference will continue to bring together all key domestic and overseas stakeholders, including government bodies, investors, and the leading companies today from manufacturing to O&M and asset management. To thrive globally as a major PV power beyond 2020, India has to succeed in unlocking its potential both to manufacture and to lay claim to quality utility-scale solar farms that are providing high returns on investment to site owners.