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India's Largest Bank Commits $12.5 Billion For Renewable Energy Funding

2015-02-20 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Clean Technica: Private sector project developers in India`s rapidly growing renewable energy would be happy to have the backing of the country`s largest bank as they get ready to participate in cut-throat competitive bidding. The State Bank of India (SBI) has committed to provide $12.5 billion in debt funding to renewable energy projects over the next few years. The announcement was made at the RE-INVEST summit organised by the Ministry of New and Renewable Energy. The bank hopes to provide debt financing...

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