World Bank Group Commits $890 Million to Promote Solar Rooftop Project in India

World Bank Commits USD 890 Mn To Promote Solar Rooftops In India

India has committed to achieving net zero by 2070 and increasing non-fossil-fuel-based energy resources to 60 per cent of its electricity mix by 2035.

World Bank supports India's rooftop solar programme to boost clean energy

The World Bank's Board of Executive Directors has approved a financing package of USD 890 million to support India's national rooftop solar programme, aimed at expanding clean energy access to millions of households, creating jobs and attracting large-scale private investment.

World Bank Group commits $890 million to promote solar rooftop project in India

The World Bank committed USD 890 million for India's solar rooftop initiative. This funding aims to bring clean energy to millions of homes nationwide. The program will also create significant job opportunities across the renewable energy sector. India seeks to achieve net zero emissions by 2070 and increase non-fossil fuels. This support will help scale residential solar and reduce household electricity costs.

World Bank approves $890 million for India’s rooftop solar programme

The multilateral lender will also mobilise an estimated $4.2 billion in private financing through commercial loans to help households install rooftop solar systems.

World Bank commits US$890 million to support India’s rooftop solar expansion

The financing will support the Government of India’s PM Surya Ghar: Muft Bijli Yojana (PMSMGBY) initiative.

World Bank Approves US$890 Mln for India's Rooftop Solar Programme

NEW DELHI, July 10 (Bernama-Xinhua) -- The World Bank has approved a financial package of US$890 million for India's rooftop solar programme in a bid to bring clean energy to millions of homes and create 1.7 million job opportunities in the country, reported Xinhua.