IFC to make first solar investment
World Bank investment unit the International Finance Corporation has confirmed that it will inject $10 million into India’s Azure Power, a solar energy service provider, to expedite that company’s nascent power projects in states such as Punjab, Haryand and Gujarat.
The investment case is for the establishment of a series of solar plants which will generate electricity for Indian villages. Specifically, the funds will go toward new megawatt-scale, grid-connected capacity...
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