Info
Info

EIB Provided $1.3 Billion For Solar Projects In 2017

News

European Investment Bank (EIB), has revealed that in 2017 the bank provided €1.05 billion of new financing for solar energy projects around the world. India was the leading recipient of EIB financing for solar investment outside the European Union, both in 2017 and overall since 2013. The EIB has approved a total of €640 million of new investment in solar projects in India which is set to provide clean energy to an estimated 4.2 million households and save more than 4 million tons of carbon emissions.

The bank also announced €150 million EIB credit line that will support €500 million of renewable investment and support construction of both new solar PV projects and on-shore wind projects at sites across the country. Hundreds of new jobs will be created during construction and once operational the new programs are expected to produce 1,156 GWh of clean electricity when operating at maximum capacity.

"Electricity demand in India is expected to double in the next decade and how this electricity is generated is important for both India and this planet. The new support for renewable energy investment across India will benefit from the European Investment Bank unique technical and financial experience. This new initiative with IREDA demonstrates how European engagement in India will benefit millions of people," said Tomasz Kozlowski, Ambassador of the European Union to India.

University Aims For A Brighter Future With ABB Solar Solutions
Schletter Group: 1MW Rooftop Project In Jordan On The Grid
NREL Identifies Where New Solar Technologies Can Be Flexible
Kia And Hyundai Reveal Solar Charging Technology To Power Eco-friendly Vehicles
Joint Research By Fraunhofer ISE And Heraeus For High-performance Solar Modules
Eco Energy World Reach Financial Close On 54 MW Of Merchant Solar Projects In Australia
New Innovative Solar Light Connecting Off-grid Population
Hanwha Q CELLS Supplies Half-cell Modules To Largest Hotel Solar Installation In Stockholm
Korean Renewable Energy Potential Takes Centre Stage
ENGIE Signs 25-year PPA With Senegalese Government For Two Solar Projects
Hanwha Q CELLS’ Deliver Exceptional Performance In Fraunhofer CSP Test
ENGIE Signs 25-year PPA With Senegalese Government For Two Solar Projects
Kia And Hyundai Plans To Introduce ‘solar Roof’ Charging Technology
Flea-sized Solar Panels Embedded In Clothes Can Charge A Mobile Phone
ABB Microgrid To Support Portuguese Island’s Energy Transition
Hanwha Q CELLS Launches Scalable Energy Storage System In Germany
SOLARWATT In-roof Solar Panel Wins 2019 German Design Award
BayWa R.e. And LONGi Solar Sign Global Framework Agreement
Ascent CIGS Technology Goes Into Space
New Minister And New Start For Solar In Ireland
Midsummer Continues Strong Growth
Minimal Carbon Footprint From Midsummer CIGS Process
Cabot Microelectronics Completes Acquisition Of KMG Chemicals
The Biggest Solar Show In Ireland 27-28 November

Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info