World Bank announces $775 million of clean energy funding for India
-
10 years ago (2014-07-08)
-
Junior Isles
Africa
306
Asia
860
Australasia
51
Biomass
8
Climate change
20
Coal
282
Cogeneration
1
Concentrating solar
5
Cyber security
8
Decarbonisation
1
Decentralised energy
5
Demand side management
2
Demand side response
2
Digitalisation
10
Distributed energy
10
Distribution
113
Electric vehicles EVs
4
Emissions
61
Energy management
1
Equipment
2
Europe
1069
Gas
379
Gas engine plant
62
Gas fuel
2
Horizon
2
Hydroelectric
17
Hydrogen
56
Hydropower
116
Latin America
77
Maintenance
3
Marine
1
Metering
2
microgrid
5
Middle East
317
North America
1004
Nuclear
643
Offshore wind
119
Oil
18
Operations
4
Policy
8
Regulations
3
Renewables
758
smart grid
2
Solar
250
Storage
41
substation
8
Tepco
2
Tidal
2
Toshiba
4
Transmission
181
US Senate Washington
4
Wind
241
The World Bank has announced it will be investing $775 million in clean energy projects across India to work alongside the new government's plan to give additional funding and regulatory support to India’s renewables sector.
More info
World Battery and Energy Storage Industry Expo 2024 (WBE)
"The support shown by the new government towards clean energy is quite encouraging and is expected to give the much needed push to the sector and unlock pending investments," said Ashish Khanna, lead energy specialist on the World Bank’s India energy programme.
"The World Bank is ready to partner with the government in scaling up sustainable clean energy investments."
Piyush Goyal, Indian Minister for Power, Coal and Renewable Energy, recently revealed that additional support for renewable sources of energy were being prioritised as part of the government's vision for ensuring energy security.
Recently, India's clean energy sector has been attracting substantial international interest, with Welspun Energy and Renew Power seeing investments from General Electric, the Asian Development Bank and Goldman Sachs.
Gevorg Sargsyan, programme manager for climate investment fund at the Asian Development Bank, has said that two investment projects have been approved. First, a $100 million development policy loan for Himachal Pradesh and second a $200 million loan for the Rajasthan renewable energy transmission investment programme.