Green bonds issued to support Indian renewables

Green bonds issued to support Indian renewables

The Asian Development Bank (ADB) has issued green bonds to support climate change mitigation and renewable energy in India.

It has already raised three billion Indian Rupees (£35.7m) from issuing the bonds, which will be channelled into the ReNew Clean Energy Project, a wind and solar power project across six Indian states.

The bonds were distributed among Asia (9%), Europe (70%) and the Americas (21%). By investor type, 48% of the bonds were placed with banks and 52% with fund managers. Read More…

 

 

Credit By: Energy Live News

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