India, US launch clean energy projects

The US has announced two financial projects worth 95 million US dollars in India to bring more energy-efficient appliances to rural sector, as part of its efforts to continue the global transition to zero-and-low carbon energy sources.

The White House said the US has committed 75 million dollars in Overseas Private Investment Corporation (OPIC) financing for renewable energy projects in



India. 

It has also announced to launch a 20 million dollar partnership this week with the philanthropic sector to bring more efficient appliances to Indian villages.Known as US-India Clean Energy Finance program (USICEF), it will address a key financing gap in the Indian distributed solar market by funding early-stage project preparatory work, it said.