The US has announced two financial projects worth 95 million US dollars in India to bring more energy-efficient appliances to rural sector, as part of its efforts to continue the global transition to zero-and-low carbon energy sources.<br/><br/>The White House said the US has committed 75 million dollars in Overseas Private Investment Corporation (OPIC) financing for renewable energy projects in India. <br/><br/>It has also announced to launch a 20 million dollar partnership this week with the philanthropic sector to bring more efficient appliances to Indian villages. <br/><br/>Known as US-India Clean Energy Finance program (USICEF), it will address a key financing gap in the Indian distributed solar market by funding early-stage project preparatory work, it said.
News On AIR | November 15, 2016 6:57 AM
India, US launch USD 95 mn clean energy projects