NLC India has been tasked with covering vacant land of the Railways with Solar Power generation.
Energy Efficiency Services Limited EESL’s projects, under one of the largest funding by Global Environment Facility (GEF) to date, will mitigate 60 million tons of CO2 emissions. UN Environment’s ‘District Energy in Cities’ initiative already identified $600 million of energy efficiency projects across five cities in India.
International Solar Alliance (ISA) and the European Bank for Reconstruction and Development (EBRD) have signed the joint financial partnership declaration to support solar energy projects developed under ISA programs.
The State Bank of India (SBI) announces the deal at a press conference on financing grid-connected rooftop solar PV projects in association with World Bank held in Mumbai on October 30.
Companies within Macquarie Infrastructure and Real Assets; Light source Renewable Energy and UK Climate Investments, part of the Green Investment fund enter into partnership platform to enter Indian Solar market for its development, acquisition and ownership of solar assets.
The two organizations will collaborate on areas broadly including grid-connected solar rooftops, energy storage systems, electric vehicles, smart grid initiatives and energy efficiency measures.
The program will be launched during RE-INVEST 2017, India on December 8. The event will hold several other sessions, including the launch of International Solar Alliance (ISA). Indian Prime Minister Narendra Modi and French President Emmanuel Macron are likely to attend the ISA Founding Ceremony.
Addressing the gathering, R K Singh, Minister for MNRE, said, “by 2030, 40% of India’s energy needs would be met by Renewable Energy.” Also, at the event Kiribati signed the ISA framework, becoming the 41st country to do so.
The EIB has also confirmed that it will provide $940 million in financial support for Indian renewable Energy.
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