World Bank approves USD 890 million for India's solar initiative
pre-market1 source ↓written by the desknot a recommendation
- targeting
- 10 million households
The World Bank approved a USD 890 million financing package to support India's national rooftop solar programme, targeting 10 million households. This initiative aims to enhance clean energy access and stimulate job creation.
• The funding includes a USD 820 million loan from the IBRD, a USD 60 million concessional loan, and a USD 10 million grant.
• This investment is expected to mobilize USD 4.2 billion in private funding, boosting the renewable energy sector.
Not investment advice. For informational purposes only.