India to get $250 million from USA for solar projects

• 8 years ago (2016-03-22)
• David Flin

North America 1021 Renewables 776

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It has been announced that the US Government’s development finance institution, Overseas Private Investment Corporation (OPIC ), has approved $250 million in senior debt financing to subsidiaries of ReNew Power Ventures to be utilised to construct up to 400 MW of new solar power generation in India across multiple projects.

OPIC said that with an innovative financing structure that streamlines the funding process for new energy projects, ReNew will help India achieve its goals to transition to a low carbon economy.