SBI Signs USD 165 Million LoC for Rooftop Solar
By Rediff Money Desk, NEWDELHI Dec 22, 2023 17:46
SBI signs a USD 165 million line of credit with the World Bank to support rooftop solar projects in India. This is part of SBI's commitment to promoting renewable energy.
![SBI Signs USD 165 Million LoC for Rooftop Solar](https://im.rediff.com/money/2016/jul/26solar3.jpg)
New Delhi, Dec 22 (PTI) State Bank of India (SBI) on Friday said it has signed a USD 165 million (over Rs 1,300 crore) Line of Credit (LoC) with the World Bank for promoting rooftop solar project in the country.
The LoC is for supporting grid-connected rooftop Solar PV Projects in residential and institutional sectors, SBI said in a regulatory filing.
Earlier this week, SBI signed a 200 million euro (about Rs 1,800 crore) LoC with the European Investment Bank (EIB) for supporting climate action projects.
The LoC is for supporting grid-connected rooftop Solar PV Projects in residential and institutional sectors, SBI said in a regulatory filing.
Earlier this week, SBI signed a 200 million euro (about Rs 1,800 crore) LoC with the European Investment Bank (EIB) for supporting climate action projects.
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