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The State Bank of India has signed an agreement with the World Bank (WB) for a $625 million credit facility that aims to support solar energy.
Onno Ruhl, country director, World Bank has said that ” With around 300 days of sunshine every year, India has among the best conditions in the world to harness solar energy.”
“The rapid expansion of solar power can improve the quality of life for millions of Indians, especially for its poorest citizens.”
He further said that “It can also create thousand of jobs in the solar industry and underpin progress in all areas of development, helping the country fulfil its dream of becoming the ‘India of the future.”
