SBI to Secure EUR 70 Million LoC from KfW for Solar Projects in India
The agreement is set to take place at SBI’s IFSC Gift City Branch in Ahmedabad.
December 14, 2023. By Abha Rustagi
The agreement, set to take place at SBI’s IFSC Gift City Branch in Ahmedabad, marks a transformative step in advancing solar photovoltaics (PV) initiatives across India.
The collaboration, aimed at supporting solar projects, signifies not only SBI's commitment to sustainable energy solutions but also positions India on a trajectory towards increased solar power capacity.
The Line of Credit is tailored to bolster Solar Photovoltaics (PV) projects, aligning seamlessly with the nation’s dedication to clean and renewable energy sources.
This strategic alliance between SBI and KfW underscores a shared vision of promoting sustainable practices and reducing the carbon footprint through solar initiatives.
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