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Bank of Baroda, KfW partners to fund solar projects
This proposal constitutes part of the overarching Indo-German Solar Energy Partnership, BoB said in a statement on Friday.
Bank of Baroda (BoB) has tied up with Germany's KfW Development Bank to extend funding of USD 113 million to refinance solar projects, under the Solar Partnership II – Promotion of Solar PV in India.
This proposal constitutes part of the overarching Indo-German Solar Energy Partnership, BoB said in a statement on Friday.
Under an inter-governmental MoU in 2015, Germany has committed to providing financing support through KfW Development Bank for solar photovoltaic investments, it said.
News Date: 22-Feb-2019
News Source: https://www.moneycontrol.com/news/business/bank-of-baroda-kfw-partners-to-fund-solar-projects-3574001.html
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