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SBI extends Rs 2,317 crore for rooftop solar power projects

SBI aims to contribute to the development of the burgeoning rooftop solar market in the country

BS Reporter  |  New Delhi 

The State Bank of India (SBI) on Monday announced sanction of Rs 2,317-crore credit facilities to JSW Energy, Hinduja Renewables, Tata Renewable Energy, Adani Group, Azure Power, Cleantech Solar, and Hero Solar Energy, for executing rooftop solar projects with aggregate capacity of 575 Mw.

The sanction is towards financing grid-connected rooftop solar projects under the SBI-World Bank (WB) Programme. SBI has availed a line of credit of $625 million from World Bank for lending to viable grid-connected rooftop solar projects undertaken by photovolatic (PV) developers and end-users, an ...

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First Published: Tue, October 31 2017. 02:52 IST
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