France lends €100m for India’s renewable energy projects
France is supporting the green energy sector in India by providing a loan worth €100 million (£81m).
The Indian Renewable Energy Development Agency (IREDA) will use the cash for both renewable energy and energy efficiency projects in the country.
IREDA and the French Development Agency (AFD) signed a Memorandum of Understanding (MoU) this week to seal the deal.
The Indian Ministry of New and Renewable Energy said: “Developing renewable energy sources helps address environmental concerns and also improves energy security and spurs regional economic development.
“The agreement will help in supporting the Government of India’s focus on a low carbon growth strategy for power generation in India.”
