| Project Detail |
Project Name Engie Solar Power Project
Project Number 57072-001
Borrower / Company Enren Energy Private Limited
Country / Economy India
Location Gujarat
The project is consistent with the following operational priorities (OPs) of Strategy 2030: (i) accelerating progress in gender equality (OP 2); and (ii) tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability (OP 3). It will contribute to ADBs ambition to provide cumulative climate finance of $100 billion during 2019-2030, since the loan will contribute to ADBs support for climate mitigation financing. By promoting stable power supply and increasing the proportion of renewable energy, the project is aligned with pillar 2 (promote climate-resilient green growth by promoting stable power supply and increasing the proportion of renewable energy generation) of ADBs country partnership strategy for India, 2023-2027. The project is also fully aligned with ADBs Energy Policy, prioritizing support for renewable energy development. |
