Asian Development Bank and Punjab National Bank signs $100 million loan to finance solar rooftop projects

Posted on:01 Jun 2017 13:04:27
Asian Development Bank and Punjab National Bank signs $100 million loan to finance solar rooftop projects
01 June 2017 Current Affairs:

  • The Asian Development Bank (ADB) and the Punjab National Bank (PNB) signed a $100 million loan to be guaranteed by the Government of India to finance large solar rooftop systems on industrial and commercial buildings throughout India.

  • Solar Rooftop Investment Program (SRIP) approved by ADB in the year 2016.

  • India's solar rooftop market is expanding fast with an estimated total capacity potential of 124Giga Watts (GW) aiming to increase the country's solar rooftop capacity by 40 GW in 2022.



  • The Asian Development Bank (ADB) and the Punjab National Bank (PNB) signed a $100 million loan to be guaranteed by the Government of India to finance large solar rooftop systems on industrial and commercial buildings throughout India.

  • Solar Rooftop Investment Program (SRIP) approved by ADB in the year 2016.

  • India's solar rooftop market is expanding fast with an estimated total capacity potential of 124Giga Watts (GW) aiming to increase the country's solar rooftop capacity by 40 GW in 2022.


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