Subscribe today and receive an extra account for free.
Subscribe(ADPnews) - Nov 11, 2010 - US government agency Overseas Private Investment Corporation (OPIC) said on Monday it will pour USD 100 million (EUR 72.5m) in a USD-300-million investment fund for renewable energy projects in South Asia.
The South Asia Clean Energy Fund will be set up by the Global Environment Facility (GEF) in a bid to strengthen the partnership between the US and India. The fund will invest in solar, wind, hydropower, advanced biofuels and natural gas projects mainly in India.
GEF will also establish an India-specific sub-fund in association with the Indian Infrastructure Development Finance Company and other local investors for investments in India.
OPIC said the funds will expand its portfolio of USD 300 million in clean energy and energy efficiency projects in India.
Up to now the agency has spent USD 2 billion in financing and political risk insurance on 115 projects in India, it said.
(USD 1.0 = EUR 0.725)
Spain's Windar to supply monopiles for Vineyard Wind
Jun 14, 2019 12:23 CEST
REC Silicon to wait until mid-July before closing Moses Lake factory
Jun 14, 2019 9:47 CEST
Prudential Capital joins Soltage's investors
Jun 14, 2019 8:48 CEST
to-the-point: Spain's Wallbox to launch smart EV chargers in US market
Jun 13, 2019 15:41 CEST
Bifacial PVs join list of US solar tariff exclusions
Jun 13, 2019 12:28 CEST
Indian solar tender awards 1.2 GW at INR 2.54/kWh - report
Jun 13, 2019 9:17 CEST