Yes Bank, partners sign green finance charter for India

Yes Bank, partners sign green finance charter for India

India’s Yes Bank (BOM:532648) has signed a charter with three other lenders to finance renewable energy projects in the Asian country.

The charter was signed at an investment symposium in India last week also by the Dutch development bank FMO, the Development Bank of Germany DEG and Proparco, a subsidiary of French development agency Agence Francaise de Developpement (AFD) . The partnership will aim to “mobilise green investments” and help India achieve its renewable energy and climate goals.

Meanwhile, Yes Bank issued its first green bond impact report for projects that have been funded through its three green bonds, which together raised nearly INR 16.5 billion (USD 253m/EUR 226m). These have supported the construction of renewable energy plants in nine Indian states, the output of which is seen to be around 2.35 million MWh per year. Read More…

 

Credit By :  Renewables Now

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