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India Solar Rooftop Initiative

Sector: Solar • Location: India

Source: The Economic Times

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The World Bank Group has committed USD 890 million to accelerate India's national programme for solar rooftops. The project aims to bring clean energy to millions of homes, create 1.7 million job opportunities across the renewable energy manufacturing, installation, and services value chain, and scale up residential solar adoption. The financing includes loans and grants from the International Ban

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The project “India Solar Rooftop Initiative” is an infrastructure initiative in the Solar sector, located in India. Taiyo aggregates data on it from The Economic Times.

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Description

Description

The World Bank Group has committed USD 890 million to accelerate India's national programme for solar rooftops. The project aims to bring clean energy to millions of homes, create 1.7 million job opportunities across the renewable energy manufacturing, installation, and services value chain, and scale up residential solar adoption. The financing includes loans and grants from the International Bank for Reconstruction and Development (IBRD) and the Clean Technology Fund, along with mobilizing private financing for commercial loans to households. The initiative supports India's commitment to achieve net zero emissions by 2070 and increase non-fossil fuel energy resources to 60% of its electricity mix by 2035.

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