Indian Railways Finance Corporation has issued its inaugural green bond on behalf of Indian Railways — the world’s fourth largest rail network.
NLC India has been earmarked by the Indian government to set up solar power projects on vacant land for Indian Railways.
Indian railway minister Piyush Goyal has launched 5MW of rooftop solar projects at Hazrat Nizamuddin, New Delhi, Anand Vihar and Delhi railway stations.
IPP Azure Power announced that it has won an additional 20MW of rooftop PV projects for Indian Railway — the largest rail network in Asia.
Distributed solar firm Fourth Partner Energy is to build roughly 10MW of rooftop solar PV projects for Indian Railways at Varanasi, Jabalpur and Gorakhpur.
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The Railway Energy Management Company Limited (REMCL) has awarded 67MW of solar capacity for Indian Railways across India, and ABB India has been chosen by Azure Power to provide inverters to 750 train stations in North India.
Indian solar pioneer Azure Power has been awarded 46MW of rooftop solar projects by state-run Indian Railways.
State-owned firm Indian Railways, which carries 23 million passengers everyday, is targeting 5GW of solar by 2025 in partnership with global development organisation UNDP.