World Bank approves US$165 million loan for 450MW of Indian residential rooftop solar

Facebook
Twitter
LinkedIn
Reddit
Email
The World Bank said it wants to mobilise more private capital to support PV deployment in India. Image: Shell

The World Bank has approved US$165 million in additional financing to support 450MW of rooftop solar deployment in India and make distributed generation systems in the country more affordable.

The development bank has already provided US$648 million for India’s Grid-Connected Rooftop Solar Program that focuses mainly on commercial and industrial rooftop PV systems.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

This new bout of funding, however, will be used to help the programme scale to include residential solar too, targeting 450MW of rooftop solar capacity in the residential sector.

“Importantly, the project will provide concessional financing to developers and residential consumers and mobilise additional private capital. It aims to mobilise US$71 million of private capital, in addition to the US$151.61 million that has been mobilised so far,” the World Bank said.

The Indian government has pushed rooftop PV as a means of achieving its aim of sourcing 50% of its energy needs from renewable sources by 2030 and has a rooftop solar target of 40GW.

During Q1 2022, rooftop solar accounted for 15% of all deployment in India, according to Mercom India Research. Rooftop installations in the country have fluctuated massively over the past few years, pushed up and down by rising costs, supply chain factors and the impact of the pandemic.

“The Program will help make rooftop solar affordable to residential consumers and catalyse a market with significant potential,” said Amit Jain and Mani Khurana, task team leaders of the project.

“With this lending, users can generate clean, reliable energy for their own use and feed surplus electricity into the national grid,” the World Bank said in a statement.

Moreover, the project will support India’s power distribution companies (Discoms) to engage directly with residential consumers and play a key role in the expansion of grid-connected solar.

This will take the form of identifying groups of residential customers, optimal locations to install the solar rooftops and battery energy storage systems as well as appropriate business practices that will in turn help the utilities.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

July 18, 2025
The average price of solar panels used in distributed generation projects in the US reached US$0.27/W by the first half of the year.
July 18, 2025
Georgia Power’s 2025 Integrated Resource Plan (IRP) will see the utility aim to install 4GW of new renewable power capacity by 2035.
July 18, 2025
Decisions and actions related to the US Department of Interior (DoI) will ‘undergo elevated review’ of solar PV and wind facilities.
July 17, 2025
Indian solar manufacturers are among the targets of a new petition filed by US producers alleging illegal trade practices by overseas firms.
July 17, 2025
Germany’s latest rooftop solar PV and noise barrier auction ended up undersubscribed and awarded only 255MW.
July 17, 2025
Corporate funding in the solar sector fell by 39% in the first half of 2025 compared with the same period last year.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK