ICICI Bank has secured a €200 million loan from the European Investment Bank (EIB), IEWY News reports. The Indian bank will use it to fund projects in the renewable energy sector supporting climate change mitigation.
The operation will only focus on electricity generating projects, especially solar photovoltaic, biomass and onshore wind. The new loan is being provided under the €4.5 billion Energy Sustainability and Security of Supply Facility (ESF).
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