The World Bank has approved a $890 million financing package to support India's rooftop solar programme, a move designed to accelerate the adoption of distributed renewable energy across the country.
The initiative is structured to leverage significant private capital, with the multilateral lender estimating that the public funding will help mobilize an additional $4.2 billion in commercial loans.
These funds are directed toward enabling households to install rooftop solar systems, addressing both energy access and decarbonization goals.
This latest approval builds on the World Bank's long-standing engagement with India's solar sector.
According to the Bank, its cumulative support has been instrumental in helping India's installed rooftop solar capacity grow from approximately 500 megawatts to significantly higher levels in recent years.
The new financing underscores a continued institutional commitment to scaling distributed energy resources in one of the world's largest emerging markets.