ADB approves $240.5 mn loan for rooftop solar systems in India.

Banking & Finance

The Asian Development Bank (ADB) on Wednesday said it has approved $240.5 million in loans to finance rooftop solar systems in India that will help the government expand energy access using renewable energy.The financing will support tranches 2 and 3 of the Multi-tranche Financing Facility (MFF) Solar Rooftop Investment Programme approved by ADB in 2016.


      The funding aims to accelerate India's transition to renewable energy by enhancing rooftop solar installations.

      This loan will boost private sector involvement in India's solar energy sector, fostering sustainable growth.

     

 

     


About ADB,

President: Masatsugu Asakawa
Headquarters: Philippines
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