World Bank commits $1 bn for solar projects in India
PTI Multi-lateral lender World Bank today announced funding support of USD 1 billion for expansion of solar power capacity in India. It also signed an agreement with the International Solar Alliance (ISA), consisting of 121 countries led by India, to collaborate on increasing solar energy use across the world, with a goal of mobilising USD 1 trillion in investments by 2030. The pact, which was signed in the presence of Finance Minister Arun Jaitley, Power Minister Piyush Goyal and visiting World Bank Group President Jim Yong Kim, establishes the multilateral lending agency as the financial partner for ISA. The World Bank also announced that it plans to provide more than USD 1 billion to support India's ambitious solar ...
Energy body refutes reports of centre not pursuing solar plants with 1 lakh MW
Jayarama Emani| The Dollar Business President of Solar Energy Society of India (SESI), Ajay Prakash Shrivastava, refuted reports in certain sections of the Media that claimed that the government is not pursuing installation of solar plants with 1 lakh megawatt capacity in the year 2015-16. Speaking to The Dollar Business, Shrivastava said, “The reports are not entirely true. The activities are there though at a slow speed which should be speeded up. Various state governments have come up with solar energy policy and others are in line and are hoping for joint ventures with foreign investors.” Stating that the implementation of the scheme is taking time as solar energy is a new venture and before implementation of the scheme, ...
