SBI and World Bank extend $357 million credit solar rooftop power development

The State Bank of India (SBI) and the World Bank have jointly announced the provision of Rs 23.2 billion in credit facilities for seven Indian solar companies. The funds will be used for developing grid-connected solar rooftop projects totalling 575 MW of capacity. The companies receiving credit facilities are the Adani Group, Hinduja Renewables, JSW Energy, Tata Power Renewable, Azure Power, Cleantech Solar and Hero Solar Energy. According to the Press Trust of India, the line of credit will be made available under the SBI-World Bank Grid Connected Rooftop Solar PV Programme.

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