India targets $100m fund for green energy finance

In:

Renewable energy, Traditional energy

Region:

Asia-Pacific

India's Ministry of New and Renewable Energy (MNRE) has announced that its Indian Renewable Energy Development Agency (IREDA) is planning to set up a dedicated “Green Window to serve the unserved segments of renewable energy.” An initial allocation of about $20 million is being considered with plans of leveraging $80 million from other agencies to establish a $100 million fund dedicated to support underserved clean energy markets and the scaling up of new clean energy technologies.

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