In­vestor net­work launches in­stru­ments to ac­cel­er­ate mil­lions for clean en­ergy

Power Watch India - - DESPATCHES NATIONAL -

The In­dia In­no­va­tion Lab for Green Fi­nance (the In­dia Lab) an­nounced en­dorse­ment of three in­no­va­tive in­vest­ment ve­hi­cles that will help drive mil­lions of dol­lars of needed in­vest­ment to In­dia’s clean en­ergy and green growth tar­gets. This an­nounce­ment is in part­ner­ship with the In­dia Lab’s public and pri­vate Lab Mem­bers, in­clud­ing the In­dian Min­istry of New and Re­new­able En­ergy, the Min­istry of Fi­nance, the In­dian Re­new­able En­ergy De­vel­op­ment Agency (IREDA), the Asian De­vel­op­ment Bank, Re­New Power, the World Bank, and the de­vel­op­ment agen­cies of the French, UK, and US gov­ern­ments, among oth­ers. The three en­dorsed in­stru­ments, which were se­lected from among a highly com­pet­i­tive pool, and re­fined and de­vel­oped over the course of a year, will now move for­ward for pi­lot­ing in In­dia with the sup­port of the In­dia Lab’s mem­bers. They in­clude a rooftop so­lar fi­nanc­ing fa­cil­ity, a new lend­ing plat­form for green in­vest­ments, and a cur­rency ex­change in­stru­ment.

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