WB to give $1b for India's solar projects

WB to give $1b for India's solar projects

WB to give $1b for India's solar projects

The World Bank on Thursday committed $1 billion (about Rs 6,750 crore) to support India’s solar energy programme.

India aims to reduce dependence on conventional energy sources to cut greenhouse gas emissions.

“As part of our $1 billion solar commitment to India, we signed an agreement for a $625-million grid-connected rooftop solar programme. The project will finance the installation of at least 40 MW of solar photovoltaic installations,” World Bank president Jim Yong Kim said.

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