Indian Renewable Energy Development Agency Limited (IREDA) has signed a loan agreement with KFW namely, KFW VI line of credit for financing ‘Access to Clean Energy Projects’ meant for decentralized solar applications. The total sanctioned amount of the agreement is EUR 20 million. The entire amount has been utilized as of 30th March 2022.
“Energy Efficiency Services Limited (EESL) has signed loan agreements from multilateral agency – ADB and bilateral agency – KfW, for Decentralized Solar and Electric Mobility. The total sanctioned amount of ADB’s loan for ‘Decentralized Solar, Electric Mobility and Smart Meters’ is $296 million. As of 30th November 2022, $73 million has been utilized for the programme. The total sanctioned amount for KfW’s loan of ‘Decentralized Solar and lighting’ is Euro 200 million. As of 30th November 2022, Euro 9 million has been utilized for the programme,” RK Singh, Union Minister for New and Renewable Energy said in a written reply in Lok Sabha today.
