YES Bank joined hands with leading institutional lender of the European Union (EU), the European Investment Bank (EIB), to invest $400 million in renewable energy projects. The fund, aimed at a period of 15 years, would look to support solar, wind, electric mobility and carbon mitigating infrastructure projects. The investment would be shared half among the two partners.
The 15-year $200 million EIB loan was approved by the EIB Board of Directors on 12th December and financial details of the new initiative are expected to be finalised in the coming weeks, said the public statement issued by the Yes
YES Bank, European Investment Bank to invest $400 mn in power projects
Last year the European Investment Bank had provided $19.6 billion for climate-related investment worldwide
 "YES Bank, EIB, European Investment Bank")
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