World Bank approves funding for India's solar rooftop programme
pre-market1 source ↓written by the desknot a recommendation
- install systems
- 10 million households
- by 2035
- 60% non-fossil fuel energy
The World Bank has approved a USD 820 million loan to support India's national solar rooftop programme, aiming to install systems in 10 million households. This initiative under the PM Surya Ghar Yojana will enhance clean energy access and promote domestic solar manufacturing.
The funding is crucial as India targets net-zero emissions by 2070 and aims for 60% non-fossil fuel energy by 2035, potentially boosting the renewable energy sector and creating jobs. Immediate market implications may include increased investments in solar technology and related sectors.
Not investment advice. For informational purposes only.