Wednesday, March 21st, 2018

India eyes $1.1 billion solar loan from German bank KFW

A boy dusts off a solar panel installed on the rooftop of his house on the outskirts of AhmedabadBy Krishna N. Das NEW DELHI (Reuters) – German development bank KFW could lend India $1.1 billion for rooftop solar projects, on top of another loan it has extended to help the Asian country fund its ambitious green energy plans, India's top renewable energy bureaucrat told Reuters. Prime Minister Narendra Modi wants to quintuple India's renewable energy capacity to 175 gigawatts by 2022, making clean energy part of his fight against climate change without necessarily committing to a timeline for emission cuts.

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