Senior official says India plans to borrow from the China-led Asian Infrastructure Investment Bank to meet 100GW solar expansion targetIndia hopes to receive one of the first loans issued by the China-led Asian Infrastructure Investment Bank (AIIB) later this year,as it looks to raise $500m for solar power projects from the newly created lender, Indian officials said. Funding for clean energy projects would allay fears of environmental lobbyists that the bank’s relaxed lending criteria could promote dirty fuels like coal in developing economies, or like India,that are in a urge to ramp up energy output.
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Source: theguardian.com