Current Affairs - International - Discussion

Zambia is set to benefit from IREDA Global Green Energy Finance IFSC’s first international green loan, amounting to $22.5 million. The funding will support the development of a 100 MW photovoltaic solar project in the Serenje District, contributing to sustainable energy generation in the country. This initiative expands India’s green financing footprint internationally and reflects a strategic move to promote renewable energy and climate-friendly projects in emerging markets. By facilitating such investments, India strengthens bilateral ties while supporting global efforts toward clean energy transition and sustainable infrastructure development.