KfW to Loan 250 Million Euros to Build Biggest Indian Solar Park
This article is for subscribers only.
KfW Entwicklungsbank, the German state development bank, agreed to loan 250 million euros ($356 million) to build India’s biggest solar park.
The bank, based in Frankfurt, will help fund the 125-megawatt Shivajinagar Sakri plant with a loan to Maharashtra State Power Generation Co., KfW said in a statement. The park, which can be expanded to 150 megawatts, powering the homes of 400,000 people, will cost as much as 370 million euros, it said.