The European Investment Bank (EIB) is considering a trio of funding applications to help build wind farms in India totalling 392MW.
Two of the applications, which request finance totalling €39m, are part of a loan scheme agreement between the EIB and the government-owned India Infrastructure Finance Company.
The scheme aims to support small to medium-sized renewables and energy efficiency investments in the south Asian country.
One request is for €19m towards a 100MW wind farm in Madhya Pradesh, while the second is for €30m to help fund a 100MW project in Andhra Pradesh and a 92MW scheme in Madhya Pradesh.
The third application, which is for €27m towards a 100MW wind farm in Andhra Pradesh, is part of an EIB loan framework agreement with the Indian Renewable Energy Development Agency.
The bank said it is currently considering the applications.
Image: Morgue File
