The World Bank will support India’s rooftop solar programme under the PM Surya Ghar scheme through an $890 million financing package and efforts to mobilize additional private capital. Multiple outlets report that the World Bank’s contribution is structured to help accelerate household adoption of rooftop solar systems, which involves supporting the programme’s implementation and financing needs. In addition to the $890 million from the multilateral lender, the World Bank is expected to mobilize about $4.2 billion in private financing. Sources describe this private portion as being raised through commercial loans that households or associated channels can access to install rooftop solar systems. Together, the public financing and the planned private credit push are intended to expand uptake and improve access to rooftop solar for households participating in the scheme. The reports consistently present the same overall figures—$890 million from the World Bank and $4.2 billion in mobilized private financing—linking the support directly to the PM Surya Ghar rooftop solar programme.
World Bank to provide $890 million and mobilize $4.2 billion for India rooftop solar
The World Bank will support India’s rooftop solar programme under the PM Surya Ghar scheme through an $890 million financing package and efforts to mobilize additional private capital. Multiple outlet...
- The World Bank will provide an $890 million package for India’s rooftop solar programme under PM Surya Ghar.
- The World Bank also plans to mobilize about $4.2 billion in private financing.
- The private financing is described as being raised through commercial loans.
- The combined funding is aimed at accelerating household adoption of rooftop solar systems.
- The support is tied specifically to the PM Surya Ghar rooftop solar scheme.
The World Bank will mobilise $4.2 billion in private financing and provide an $890 million package to accelerate rooftop solar adoption under the PM Surya Ghar scheme
1 month agoThe multilateral lender will also mobilise an estimated $4.2 billion in private financing through commercial loans to help households install rooftop solar systems.
1 month ago
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