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In 2017, the European Union's European Investment Bank (EIB) provided €1.
05 billion for
solar PV projects worldwide.
In 2017, the EIB invested EUR 1.
05 billion in solar energy
The EIB said in a press release that last year's financing for solar was the largest
since funding began in 2012.
Since then, banks have provided €6.
3 billion for solar energy worldwide, with about half of its money going to emerging economies
.
As for last year's investment, the EIB said 13 EU countries benefited
in addition to India, Mexico and Peru.
In particular, the Indian market has received about €640 million in EIB investment
since 2013.
Because India's ambitious plans to deploy 100 GW of PV capacity by 2022 and are steadily being implemented, this is a key market
for the EIB.
Tomasz Kozlowski, EU Ambassador to India, said: "The EU and India are committed to implementing the Paris Climate Agreement and working together to achieve the Sustainable Development Goals, including ensuring access to affordable, reliable, sustainable and modern energy
for all.
”
"As a bank of the European Union, EIB has a proven track record of supporting transformational investments in India and is working with Indian partners to strengthen solar investments that benefit
millions of Indian households.
" Kozlowski added
.
The European Investment Bank said it would invest another €500 million in India's new renewable energy
at the next International Solar Alliance Summit in New Delhi in recent New Delhi, in partnership with the Indian Renewable Energy Development Agency (IREDA).
,
In 2017, the European Union's European Investment Bank (EIB) provided €1.
05 billion for
solar PV projects worldwide.
In 2017, the EIB invested EUR 1.
05 billion in solar energy
05 billion in solar energy
The EIB said in a press release that last year's financing for solar was the largest
since funding began in 2012.
Since then, banks have provided €6.
3 billion for solar energy worldwide, with about half of its money going to emerging economies
.
As for last year's investment, the EIB said 13 EU countries benefited
in addition to India, Mexico and Peru.
In particular, the Indian market has received about €640 million in EIB investment
since 2013.
Because India's ambitious plans to deploy 100 GW of PV capacity by 2022 and are steadily being implemented, this is a key market
for the EIB.
Tomasz Kozlowski, EU Ambassador to India, said: "The EU and India are committed to implementing the Paris Climate Agreement and working together to achieve the Sustainable Development Goals, including ensuring access to affordable, reliable, sustainable and modern energy
for all.
”
"As a bank of the European Union, EIB has a proven track record of supporting transformational investments in India and is working with Indian partners to strengthen solar investments that benefit
millions of Indian households.
" Kozlowski added
.
The European Investment Bank said it would invest another €500 million in India's new renewable energy
at the next International Solar Alliance Summit in New Delhi in recent New Delhi, in partnership with the Indian Renewable Energy Development Agency (IREDA).
,