ADB approves non-sovereign loan for Indian solar PV

ADB has approved a Rs4.063 billion ($53.8 million) loan with Al Jomaih Energy and Water Co to finance construction of a 80MW solar PV power plant in Gujarat, India. Sponsored via SPV AEW India West One, the project is backed by a 25-year PPA with a tariff of Rs1.99 ($0.026) per kWh signed in...