Clean Technica: Private sector project developers in India`s rapidly growing renewable energy would be happy to have the backing of the country`s largest bank as they get ready to participate in cut-throat competitive bidding.
The State Bank of India (SBI) has committed to provide $12.5 billion in debt funding to renewable energy projects over the next few years. The announcement was made at the RE-INVEST summit organised by the Ministry of New and Renewable Energy.
The bank hopes to provide debt financing...