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: Homework continues after the sun goes down

Two students in India continue working on their homework after the sun goes down with the use of Greenlight Planet’s...

Partner spotlight: How MicroVest combines a commercial and social approach to microfinance investing

Earlier this week OPIC announced that it has surpassed $1 billion in financing to support microfinance investing around the world....

Advancing development by investing in microfinance: OPIC’s Richard Greenberg explains

OPIC, which has actively supported microfinance investment for more than a decade, recently announced that it has surpassed the $1...