India

India, the world’s fourth largest economy with the second largest population, is on the brink of a solar power revolution. It aims to increase overall solar energy generation from 3 gigawatts (GW) to an ambitious 100 GW by 2022 and address the unmet energy needs of over 200 million people unconnected to the electrical grid.

INVESTING IN INDIA

India is leading the way for a new era of low carbon development, and its solar ambition will help transform an energy structure currently dominated by coal. The majority of India’s $775 million CTF investment plan supports the development of over 3 GW of new installed solar power capacity and associated transmission infrastructure.

In particular, CTF concessional financing is helping to offset the high upfront costs of large-scale solar park projects and to de-risk investments in rooftop solar photovoltaics to unleash its full market potential.

FACTS ABOUT INDIA

Solar ambitions are leading the way for a new era of low carbon development

20,000 MW

of solar power is the government's 2022 target

Projects in India

NAME FUND FUNDING (USD MILLION) COFINANCING (USD MILLION) MDB
  Development Policy Loan to Promote Inclusive Green Growth and Sustainable Development in Himachal Pradesh FUNDClean Technology Fund COFINANCING (USD MILLION) 100 FUNDING (USD MILLION) 2058 MDBIBRD  
  Partial Risk Sharing Facility for Energy Efficiency FUNDClean Technology Fund COFINANCING (USD MILLION) 25 FUNDING (USD MILLION) 139 MDBIBRD  
  Rajasthan Renewable Energy Transmission Investment Program (Multi-tranche Financing Facility / MFF) FUNDClean Technology Fund COFINANCING (USD MILLION) 199.91 FUNDING (USD MILLION) 600 MDBADB  
  Solar Park Transmission FUNDClean Technology Fund COFINANCING (USD MILLION) 50 FUNDING (USD MILLION) 400 MDBADB  
  Solar Parks Infrastructure FUNDClean Technology Fund COFINANCING (USD MILLION) 50 FUNDING (USD MILLION) 175 MDBIBRD  
  Solar PV Generation by SECI FUNDClean Technology Fund COFINANCING (USD MILLION) 49.81 FUNDING (USD MILLION) MDBIBRD  
  Solar Rooftop PV FUNDClean Technology Fund COFINANCING (USD MILLION) 125 FUNDING (USD MILLION) 790 MDBIBRD  
  Solar Rooftop PV FUNDClean Technology Fund COFINANCING (USD MILLION) 174.75 FUNDING (USD MILLION) 830 MDBADB  

TRANSFORMING VISION INTO ACTION

The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding . Together they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.