More money flowed into renewables than coal for the third year in a row in India, with 74% of the value of loans across both sectors in 2020 going to renewable energy projects, compared with 26% to coal, although this was up 40% on the previous year
The State Bank of India (SBI) has signed agreements with the World Bank for a US$625 million facility specifically to support India’s grid-connected rooftop solar programme.
The World Bank has approved a US$625 million loan for the Indian government’s grid-connected rooftop solar PV programme, along with a co-financing loan of US$120 million on concessional terms and a US$5 million grant from Climate Investment Fund’s (CIF) Clean Technology Fund.
