Financing Renewable Energy in India
However, one good solution towards financing renewable energy in India is making more people and companies more aware of and encouraging them to take advantage of micro-financing. Micro-financing is typically handled by forward looking organizations formed to fund and help small scale enterprises to thrive and survive. Many times, these enterprises that wish to invest in renewable energy solutions for their firms are unable to get loans from traditional lending sources. They will often find a friend in micro-financing organizations.
But, surprisingly, sometimes huge organizations do get involved. ABN AMRO is a Dutch owned bank. It is also a leading international bank with over three thousand branch offices in countries around the world. It also has two micro-financing programs, one of which is based in India. ABN AMRO has created a renewable energy equity fund of over sixty million dollars that will invest heavily in renewable energy programs .
