World bank fund to India for Solar generation

The World Bank has announced $ 1 billion in support of India’s ambitious solar generation plans.

Details:

• Its largest financing of solar projects for any country in the world. 
• The projects now under preparation include solar rooftop technology, infrastructure for solar parks, bringing innovative solar and hybrid technologies to the market, and transmission lines for solar-rich States. 
• The commitment includes an agreement for a $ 625 million grid-connected rooftop solar programme for financing the installation of at least 40 megawatts of solar photovoltaic installations.