U.S.-India Catalytic Solar Finance Program

Q.  What is the aim of U.S.-India Catalytic Solar Finance Program?
- Published on 10 Jun 16

a. Finance small solar projects in urban areas
b. Develop infrastructure for integrating solar power to national grid
c. Finance small solar projects in poorer rural areas
d. All of the above

ANSWER: Finance small solar projects in poorer rural areas
 
  • There will be a $40 million U.S.-India Catalytic Solar Finance Program, equally supported by the United States and India, that, by providing needed liquidity to smaller-scale renewable energy investments, particularly in poorer, rural villages that are not connected to the grid, could mobilize up to $1 billion of projects;
  • This would help in expansion of handholding support to Indian utilities that are scaling up rooftop solar and continuation of successful cooperation with USAID on "Greening the Grid”.

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