April 5

World Bank Offers $100 Million Credit Guarantee for Rooftop Solar Power in India


The World Bank has offered a new assistance package for the development of rooftop solar power projects in India.

According to media reports, the World Bank will offer $648 million in funding assistance for the installation of rooftop solar power projects in the small and medium scale company segment. This package includes a credit guarantee scheme worth $100 million. The assistance will be delivered through the State Bank of India, the country’s largest commercial bank.

Photo courtesy of Marufish.

Source: CleanTechnica (link opens in a new window)

Energy, Environment
emerging markets, environment, environmental impact, SDGs, Sustainable Development