India strives for a clean energy bank

Cooperation in the green hydrogen space, according to Von der Leyen, is a key concern in Europe

India strives for a clean energy bank
European Commission President Ursula von der Leyen (Twitter: @vonderleyen)

Raj Kumar Singh, Cabinet Minister of Power and New & Renewable Energy, proposed a credit guarantee fund and a renewable energy bank to aid countries in their shift from fossil fuels to clean energy.

Singh also said the fund is needed to increase investments in renewable industrial sites in developing and underdeveloped countries, including those in Africa, during a round table discussion with European Commission President Ursula von der Leyen and renewable energy companies at the International Solar Alliance headquarters in Gurugram.