German development bank to underwrite Indian wind, solar projects

first_imgGerman development bank to underwrite Indian wind, solar projects FacebookTwitterLinkedInEmailPrint分享Renewables Now:German state-owned development bank KfW will lend EUR 200 million (USD 228m) to India so as to help the country provide low-interest loans for around 200 MW of new renewable energy capacity.The bank has signed a credit line agreement with India’s Rural Electrification Corporate Ltd (REC), which plans to back solar and wind power projects, the lender announced this week. The specific loans will be supplemented by counterparty contributions of up to 30% from the borrowers and contributions from other lenders. The provided financing will target projects in the private sector and will support 200 MW of renewables. The new capacity, seen to meet the demand of about 270,000 homes, will help offset up to 285,000 tonnes of carbon dioxide (CO2) emissions annually.“KfW’s financing to promote the increased use of renewables will make an important contribution to slowing the rise in greenhouse gas emissions and reducing the deficit in the power supply,” said Joachim Nagel, member of the KfW Group executive board.Additionally, REC will get a EUR 1-million grant from KfW to improve standards in the Indian energy sector, the German lender said.India’s goal is to have 175 GW of installed renewables capacity by 2022 and account for 50% of its total power generation. The target for solar and wind is 100 GW and 60 GW, respectively.More: Germany’s KfW to help fund 200 MW of renewables in Indialast_img read more

Del Potro Stuns Federer in Four Sets to Berth S’Final

first_imgUS OPENArgentina’s Juan Martin del Potro stunned Roger Federer thursday in four sets to reach the US Open semi-finals. The 24th seed won 7-5 3-6 7-6 (10-8) 6-4 to reach the last four, thrilling his large contingent of supporters in New York.He goes on to face top seed Rafael Nadal, who earlier beat Russian teenager Andrey Rublev. Del Potro’s victory means Federer and Nadal will end another year having never played each other at the US Open.Top seed Nadal is now also guaranteed to keep hold of the number one ranking ahead of Federer.However, an out-of-sorts Federer was no match for Del Potro, who returned 48 hours after his epic five-set win over Dominic Thiem to produce another thrilling victory.“I honestly was only thinking about tonight,” said Federer, 36.“My head didn’t even wander during the match. I knew it was going to be a tough one.”Del Potro, 28, beat Federer to win his only Grand Slam title in New York in 2009, and eight years later he delivered another blow to the 36-year-old on Arthur Ashe Stadium.“I think I played my best match of the tournament,” said the Argentine.“I played everything well. My serve was good, I hit my forehands as hard as I possibly could.“This is my home court too. The fans make me feel happy every time I play here. I hope against Rafa the crowd will be cheering for me again.”The Del Potro forehand is among the biggest weapons in the game but his backhand, which has been hampered in recent years after four wrist surgeries, held up superbly.After the pair split the first two sets with a break apiece, the match turned on a gripping third-set tie-break in which Federer saw four set points slip by.Del Potro would not be so profligate, hammering a magnificent backhand on his first chance to clinch the set, drawing a huge roar from the Argentine and his supporters high in the stands.A desperate Federer smash into the bottom of the net drew gasps from the crowd as he offered up a break point at 2-2 in the fourth, which Del Potro snapped up with another blistering backhand return.Federer’s evening ended with him taking evasive action at the net from a massive Del Potro forehand, and then swinging a wild volley way over the baseline when threatening to break back.It was Del Potro’s night and, four years after his last Grand Slam semi-final, he closed out the match after two hours and 51 minutes to set up a chance at a second US Open crown.“I don’t know what the turning point was, maybe I got lucky,” he said. “I can’t believe I am back after all my injuries and surgeries.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more