EIB support for renewable energy and energy efficiency projects in India

(EIB) - The European Investment Bank (EIB) has signed a EUR 40 million long-term loan to SREI Infrastructure Finance Limited (SREI), with the main purpose of financing investments that will help to mitigate climate change in India. The loan will be supported by the Italian Export Credit Agency SACE S.p.A. This tripartite cooperation will not only help project financing in India but also support Italian industry by promoting exports. Both the EU and Indian economies will eventually benefit from this arrangement. This is the first instalment of a EUR 80 million loan. The loan is for projects in the renewable energy and energy efficiency sectors carried out mostly by private sector companies. It will target electricity and heat generation schemes, notably wind power, photovoltaic energy, hydropower and high-efficiency cogeneration ...Zum vollständigen Artikel

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