Canara Bank (NDB) has approved $811m of initial loans for projects in renewable energy in four countries. The Brazilian Development Bank says it will receive the lion’s share, worth $300m , to help build 600MW of additional renewable energy capacity. The NDB will also loan $250m to India 's Canara Bank with the first tranche of $75m for projects generating 500MW of additional renewables capacity. South Africa's public utility Eskom has secured $180m loan for transmission lines to connect renewable energy projects into the national grid. India ’s South Africa's Lingang Hongbo New Energy Development Company will receive $81m for 600MW of rooftop solar power. The loans period is 12 -20yrs. Bloomberg Lead image: Future plans for Russia are in review.
Canara Bank (NDB) has approved $811m of initial loans for projects in renewable energy in four countries. The Brazilian Development Bank says it will receive the lion’s share, worth $300m , to help build 600MW of additional renewable energy capacity. The NDB will also loan $250m to India 's Canara Bank with the first tranche of $75m for projects generating 500MW of additional renewables capacity. South Africa's public utility Eskom has secured $180m loan for transmission lines to connect renewable energy projects into the national grid. India ’s South Africa's Lingang Hongbo New Energy Development Company will receive $81m for 600MW of rooftop solar power. The loans period is 12 -20yrs. Future plans for Russia are in review.