Yes Bank, which has been focussing on funding green energy projects in India, also announced that it will mobilise USD one billion by 2023 for financing solar energy projects in India and USD five billion till 2030.
"Our partnership with Yes Bank is a perfect match for solar projects in India as we can provide installation, operational and maintenance expertise and Yes Bank can fund eligible projects, it provides a 360 degree offering for firms looking to install solar plants," said MD and CEO, Amplus Energy, Sanjeev Aggarwal.
The agreement was signed at International Solar Alliance pavilion at the World Future Energy Summit, Abu Dhabi.
World Future Energy summit, which is being held in Abu Dhabi, UAE from January 15 to 18, is focusing on renewable energy.
UAE has set a target to meet its 44 percent energy needs by renewable energy by 2050, majority of that by solar energy.
They have already identified eligible solar projects in Karnataka, Telangana, Maharashtra and Rajasthan.
The Gurgaon-based Amplus is also diversifying in new avenues such as battery storage, energy efficiencies, smart cities, and concentrated solar power technologies among others. (ANI)