Renewable Energy – Wind, Tidal, Geothermal, etc.

Centre to create $1 bn fund for solar

  1. Context: Govt is looking to create a $1 billion equity fund for solar energy in the country
  2. Aim: To help new companies to come up for solar to become a movement
  3. Also, to make a transit from megawatt to gigawatt
  4. Govt wants to tap global financial institutions like the World Bank for this purpose
  5. Today, World Bank gives 5% of their money for renewable
  1. Context: Govt is looking to create a $1 billion equity fund for solar energy in the country
  2. Aim: To help new companies to come up for solar to become a movement
  3. Also, to make a transit from megawatt to gigawatt
  4. Govt wants to tap global financial institutions like the World Bank for this purpose
  5. Today, World Bank gives 5% of their money for renewable
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