Yes Bank has made a major announcement for mobilizing $1 billion till 2023 and $5 billion till 2030 towards financing solar energy projects in India at the International Solar Alliance (ISA) conference organized at World Future Energy Summit 2018 in Abu Dhabi.
Towards this, the Bank has also signed five solar energy co-financing Letters of Intent (LoI) with Tata Power Delhi Distribution (up to 10 MW capacity), Hero Future Energy (up to 1.5 GW capacity), Greenko Group (up to 10 GW capacity), Amplus Solar (up to 1 GW capacity) and Jakson Group (up to 1 GW capacity) for their solar projects in India to be completed by 2023.
This significant announcement is part of the Bank’s commitment to support ISA’s vision of creating a robust eco-system for solar energy globally and the Government of India’s target of achieving 100 GW of solar energy by 2022.
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.
