YES Bank, India’s fourth largest private sector bank, has made an announcement for funding 500 MW of clean energy every year, towards its commitment to the Renewable Energy sector in India, on the occasion of The United Nations Climate Summit 2014 launched by the UN Secretary General, Ban Ki-Moon.
The clean energy market is steadily increasing in India, with additional capacity of 3000 MW added every year. The bank holds a leadership position in this space, funding almost 15% of this additional capacity, averaging at 380 MW per annum. Through this commitment YES Bank pledges to strengthen overall environment sustainability.
YES Bank is one of the few Indian corporates and amongst the only seven financial institutions representing the worldwide BFSI sector to be invited to speak at the UN Climate Summit in New York, 2014.
