Current Affairs - Business - Discussion
Discussion Forum : Business - Latest Current Affairs (Q.No. 950)
950.
Which company gets $350 million from the U.S. government to support the construction of new wind and solar power plants in India?
Answer: Option
Explanation:
ReNew Power, a Clean energy producer, had secured a fresh debt financing of up to $350 million from the U.S. government's development finance institution Overseas Private Investment Corporation (OPIC). This follows an earlier round of financing when OPIC granted a loan of $250 million to ReNew Power in March 2016. The funds will be utilized by ReNew Power to support the construction of new wind and solar power plants in India.
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