Indore Opens 60 MW Solar Plant Funded by Green Bonds

The Indore Municipal Corporation has launched a 60 MW solar power plant, marking India's first renewable energy project funded through public green bonds. The facility is built on 211 acres of land and is designed to lower electricity costs for water transport from the Narmada river. The project expects to reduce annual carbon dioxide emissions by 1.46 lakh tons and generate approximately 9.60 crore units of electricity per year. Additionally, the plant is projected to earn over Rs 18 crore through the sale of carbon credits.