India arranging $1.25 b renewable energy fund; Power PSUs commit $300m

Solar panels being cleaned. Photo: Reuters

The government is in the process of setting up a $1.25 billion fund, backed by state-owned and private institutions, to finance renewable energy projects.

The move will help in the scaling up of clean energy generation from 37 gigawatts (GW) at present to 175GW by 2022, according to a senior government official.

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