SBI, World Bank finance ₹400-cr solar projects

State Bank of India and the World Bank announced that they had financed 100 MW of rooftop solar projects worth Rs400 crore in India. SBI has availed of a loan of $625 million from the World Bank for on-lending to viable Grid-Connected Rooftop Solar PV (GRPV) projects undertaken by developers, aggregators and end-users, for installation of rooftop solar systems.

Through this program, SBI will support the installation of more than 600 MW of rooftop solar capacity.
Static Takeaways for SBI PO Mains Exam-
  • Chairman of SBI is Arundhati Bhattacharya and its headquarters is in Mumbai
  • Jim Yong Kin is the President of World Bank and its headquarters is in Washington, D.C, USA.

Source- The Indian Express


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