Washington, Feb 17 (IANS) India’s ambitious rooftop solar expansion plan on Tuesday secured a $197.67 million guarantee from the World Bank Group’s guarantee arm. The five-year backing supports refinancing of a $500 million World Bank loan to the State Bank of India for grid-connected solar systems serving commercial and industrial users.The Multilateral Investment Guarantee Agency (MIGA), which houses the World Bank Group Guarantee Platform, issued the guarantee to Citibank N.A. for …
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New Delhi, Feb 13 (IANS) On this day in 2024, Prime Minister Narendra Modi launched the PM Surya Ghar scheme with a clear vision to bring rooftop solar power to millions of households and scale up clean energy adoption across India. ‘Modi Story’, a popular social media handle, said, “On this day in 2024, PM Narendra Modi launched the PM Surya Ghar scheme with a clear vision to bring rooftop solar power to millions of households and scale up clean energy adoption across India.””The initia…
Davos, Jan 21 (IANS) Decentralised renewable energy has the potential to significantly reduce government subsidies, cut Aggregate Technical and Commercial (AT&C) losses and make power more affordable, Pradip Kumar Das, Chairman and Managing Director of Indian Renewable Energy Development Agency Limited (IREDA) said on Wednesday.Das was speaking at a panel discussion titled ‘Scaling Solar Where It Matters: India’s Lessons on Rooftop, Agriculture and Decentralised Energy for the Global South…