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EIB gives India EUR 800 million and partners with solar alliance

International Solar Alliance and the European Investment Bank have joined forces in a partnership to finance solar projects in sunny countries.

Photo: DEWA

The European Investment Bank (EIB) has entered a partnership with International Solar Alliance to mobilize financing for development and implementation of solar energy in sunny countries. Meanwhile, EIB confirms its plans to invest EUR 800 million in renewable energy projects in India.

"Global cooperation is essential to tackle climate change and closer cooperation between the International Solar Alliance and the European Investment Bank will mobilise international climate finance and improve sharing of technical experience. This new agreement reflects our shared commitment to successful implementation of the Paris Climate Agreement and ensuring that solar rich economies can harness solar power to increase the supply of affordable clean energy," says Andrew McDowell, European Investment Bank Vice President, in a press release.

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