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World Bank to Back India's Solar Power Initiative

The World Bank signed an agreement on Thursday with the Indian-led International Solar Alliance to boost solar energy in developing countries by mobilizing $1 trillion in investments by 2030. It said the agreement, signed by World Bank President Jim Yong Kim and Indian Power Minister Piyush Goyal, established the World Bank as a financial partner of the alliance. The alliance was launched by India and France at the U.N. Climate Change Conference in Paris last November and...

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