USAID and ADB sign MoU for funding solar parks

Q.  USAID and ADB have signed an MoU for promoting which type of parks across India?
- Published on 31 Mar 16

a. Technology
b. IT
c. Software
d. Solar

ANSWER: Solar
 
US Agency for International Development and Asian Development Bank signed an MoU to provide USD 848 million funding for development of solar parks across India. USAID technical activities will help create investments for construction of transmission infrastructure for renewable energy deployment in western Rajasthan,” the release said.
  • The government has set a target of 175 Gigawatts of installed renewable energy capacity by 2022. Of this 100 GW is to come from solar power.
  • The Ministry of New and Renewable Energy has said that it plans to set up 25 solar parks with a total capacity of 20,000 MW by 2020.

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