The BRICS New Development Bank ( NDB ) has approved $ 811 m of initial loans for projects in renewable energy in four countries . The Brazilian Development Bank says it will receive the lion ’s share , worth $ 300 m , to help build 600MW of additional renewable energy capacity . The bank will also provide a $250 million loan to India’s Canara Bank, with $75 million earmarked for 500 MW of renewable-energy projects. The NDB will also loan $ 250 m to India 's Canara Bank with the first tranche of $ 75 m for projects generating 500MW of additional renewables capacity . South Africa 's public utility Eskom has secured $ 180 m financing for transmission lines to connect renewable energy projects into the national grid . China ’s Shanghai Lingang ##shan New Energy Development Company will receive $ 81 m for 100MW of rooftop solar power . The loans period is 12 - 20yrs . Future plans for Russia are in review .
The BRICS New Development Bank ( NDB ) has approved $ 811 m of initial loans for projects in renewable energy in four countries . The Brazilian Development Bank says it will receive the lion ’s share , worth $ 300 m , to help build 600MW of additional renewable energy capacity . The NDB will also loan $ 250 m to India 's Canara Bank with the first tranche of $ 75 m for projects generating 500MW of additional renewables capacity . South Africa 's public utility Eskom has secured $ 180 m financing for transmission lines to connect renewable energy projects into the national grid . China ’s Shanghai Lingang ##shan New Energy Development Company will receive $ 81 m for 100MW of rooftop solar power . The loans period is 12 - 20yrs . Future plans for Russia are in review .