India seeks $500m loan for solar projects
by Reuters from Environment | The Guardian on (#18VJ1)
Senior official says India plans to borrow from the China-led Asian Infrastructure Investment Bank to meet 100GW solar expansion target
India hopes to receive one of the first loans issued by the China-led Asian Infrastructure Investment Bank (AIIB) later this year, as it looks to raise $500m for solar power projects from the newly created lender, Indian officials said.
Funding for clean energy projects would allay fears of environmental lobbyists that the bank's relaxed lending criteria could promote dirty fuels like coal in developing economies, like India, that are in a hurry to ramp up energy output.
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