OPIC to fund $150 million for solar powered telecom towers in India

A U.S. agency has announced that it will provide a financial assistance of $150 million to India to expand use of solar powered telecommunication towers.

The decision by the Overseas Private Investment Corporation (OPIC) is expected to reduce CO2 emissions and create jobs in both the U.S. and India.

'This project brings OPIC’s financing for renewable energy in India to more than $400 million approved in just the past year,' said OPIC President and CEO Elizabeth Littlefie