Yes Bank has joined hands with European Investment Bank, a long-term lending institution of the European Union, for a $400 million fund for renewable energy projects in India over 15 years. The European bank will contribute half of the fund with the rest coming from Yes Bank, project promoters and other financial institutions.
Yes Bank will manage the new co-financing programme for construction of new solar power plants and wind farms across the country.
Yes Bank is India’s fifth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India.
