India’s solar plans receive billion dollar boost

India’s ambitious plans to triple its use of renewable energy by 2030 gets a boost after $1 billion of funding was confirmed by the World Bank.

The loan will leverage investment in the country’s domestic energy market and mobilise $1 trillion in finance for the Indian-led International Solar Alliance (ISA) said officials.

India’s plan to deploy more than 100 gigawatts of solar by 2022, would be easily met due to falling technology costs

Last year Germany offered €1 billion over five years to help India meet a goal of deploying 100 gigawatts of solar by 2022, while in June Barack Obama agreed to a $440 million clean energy package.

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