EnergyWatch

EIB grants EUR 150 million loan for clean energy in India

The European Investment Bank has granted a EUR 150 million loan to support renewable energy investments in India. The bank adds that it granted a record amount of money to solar power in 2017.

The Indian Renewable Energy Development Agency (IREDA) has signed a long-term loan agreement with the European Investment Bank (EIB) for EUR 150 million, announces EIB.

The aim is to generate renewable energy worth EUR 500 million, says the bank.

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