Info
Info

EIB Provided $1.3 Billion For Solar Projects In 2017

News

European Investment Bank (EIB), has revealed that in 2017 the bank provided €1.05 billion of new financing for solar energy projects around the world. India was the leading recipient of EIB financing for solar investment outside the European Union, both in 2017 and overall since 2013. The EIB has approved a total of €640 million of new investment in solar projects in India which is set to provide clean energy to an estimated 4.2 million households and save more than 4 million tons of carbon emissions.

The bank also announced €150 million EIB credit line that will support €500 million of renewable investment and support construction of both new solar PV projects and on-shore wind projects at sites across the country. Hundreds of new jobs will be created during construction and once operational the new programs are expected to produce 1,156 GWh of clean electricity when operating at maximum capacity.

"Electricity demand in India is expected to double in the next decade and how this electricity is generated is important for both India and this planet. The new support for renewable energy investment across India will benefit from the European Investment Bank unique technical and financial experience. This new initiative with IREDA demonstrates how European engagement in India will benefit millions of people," said Tomasz Kozlowski, Ambassador of the European Union to India.

ACEINNA Launches High Accuracy Current Sensors Based On AMR Technology
GaN Systems Debuts New Power Transistors
SiC Adoption Is Accelerating Says Yole
JLR Installs UK’s Largest Smart EV Charging Facility
BP Chargemaster And Swarco UK Receive Contracts To Install EV Charging Points From Highways England
JEDEC WBG Committee Publishes First Document
AEG Licensing SEMAG To Manufacture Industrial-grade Solar Inverters
Is The UK Really Ready For An Electric Vehicle Rollout?
Dialog Semiconductor To Acquire Silicon Motion’s Mobile Communications Business
GEN2 650V SiC Schottky Diodes Offer Improved Efficiency
Aveox Partners With GaN Systems On Aerospace Modules
Škoda To Install Nearly 7,000 EV Charging Points At Its Czech Factories
Frost & Sullivan Recognises GaN Systems With Innovation Award
NORD/LB And BayWa R.e. Close Financing For Three Italian 66 MW Wind Farms
A New Generation Of Power Electronics Will Make Electric Cars More Efficient
EPC 100V EGaN Device Is 97 Percent Efficient
ABB Helps Establish BP’s Pilot DC Fast Charging Station In China
Rohm Extends Automotive SiC MOSFET Line
EPC To Show Latest GaN Technology At APEC 2019
ROHM Offers The Industry’s Largest* Lineup Of Automotive-Grade SiC MOSFETs
Innovative Direct Current Meter For Fast Charging Stations From Isabellenhütte And Innogy
VisIC Releases 6.7kW Charger Reference Design
LONGi Launches New 5GW Mono Module Plant, Increases Supply Capacity
Infineon Manufactures 1000 A Voltage Regulator Solution For Next Generation AI And 5G Networking

Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Power Electronics World Magazine, the Power Electronics World Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info