MIGA issues $197.67 million guarantee for SBI rooftop solar refinancing
The Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group (WBG), has issued a $197.67 million guarantee to support refinancing of a $500 million World Bank loan extended to State Bank of India (SBI) for grid-connected rooftop solar projects. The five-year guarantee aims to accelerate the deployment of solar systems for commercial and industrial consumers across India. The guarantee has been provided to Citibank in relation to its non-shareholder loan to SBI, enabling…
