YES Bank and European Investment Bank, a long-term lending institution of the European Union, have joined hands for a USD 400 million fund for renewable energy projects in India over 15 years. The European bank will contribute half of the fund with the rest coming from YES Bank, project promoters and other financial institutions.
YES Bank will also manage the co-financing programme for construction of new solar plants and wind farms across the country.
A joint press release issued by the banks said solar projects in Rajasthan, Telangana, Karnataka and Maharashtra had been identified to be given funds under the initiative. Certain wind and some more solar projects are under examination, the release said. Read More…
YES Bank, EIB In Pact To Lend $400 M For Renewable Energy Projects Over 15 Years added by Moneycontrol.com on
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