The OPIC Blog

Project Profile: OPIC loans fund India’s first large scale solar power plants

Site India
Sector Solar power
Challenge Advance India’s goal of generating more power from renewable sources and bring power to rural areas located outside the existing electricity grid.
Solution An initial loan of $6.2 million to Azure Power to construct a 2-megawatt solar power plant in Punjab. Additional loans for the construction of two other plants have followed.
Impact More power generating capacity brought to rural India; carbon emissions reduced; jobs and development spurred.
Read more


Share and Enjoy

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Related Post

Featured Photo: Supporting entrepreneurs in India

A woman named Manjula, who owns a small dressmaking business in Bangalore, sends fabric to her shop. Manjula is one...

Featured photo: Solar panels offer a clean source of electricity in rural India

  As the Paris Climate Conference (COP21) brings together leaders from every end of the globe to share ideas on...

Featured photo: Microfinance borrowers in India

On the occasion of Global Entrepreneurship Week, this photo shows some female microfinance borrowers in India, illustrating both the relatively...