NABARD signs $100 million agreement to boost India’s rooftop solar capacity
Post date: 11/12/2018 - 12:49
The Indian National Bank for Agriculture and Rural Development (NABARD) signed an agreement with Green Climate Fund (GCF) to infuse $100 million into a project designed to unlock private sector initiatives for creation of rooftop solar power capacity across India. The $250 million project, to be executed by Tata Cleantech Capital Ltd, will receive the GCF support through NABARD, which is the National Implementing Entity for the UNFCC-promoted fund that supports the efforts of developing countries to respond to the challenge of climate change.
The agreement with GCF was signed by Shri Shankar A Pande, Chief General Manager, NABARD in the presence of Shri A K Mehta, Additional Secretary, Ministry of Environment, Forests and Climate Change at an event held on the sidelines of COP24 conference in Katowice, Poland, in December.