World Bank

3019 MW of Solar Energy Capacity Added in 2015-16: Piyush Goyal

Power, Coal, New & Renewable Energy and Mines, Minister Piyush Goyal in Lok Sabha on Thursday said that a total of 3019 MW of solar energy capacity addition was recorded during the year 2015-16. The minister shared that World Bank has recently approved a total amount of US $ 625 million consisting of World Bank […]

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World Bank announces to provide more than $1 billion for India’s solar project

The World Bank Group has signed an agreement with India led International Solar Alliance (ISA) to work together on increasing solar energy use around the world, with the goal of mobilizing $1 trillion in investments by 2030. The agreement was signed in the presence of Finance Minister Arun Jaitley, Power, Coal, New and Renewable Energy minister Piyush […]

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World Bank approves $750 Million loan to Support India’s Grid Connected Rooftop Solar Program

The World Bank Board has approved a $625 million loan to support the Government of India’s grid connected rooftop solar programme to generate clean energy. World Bank has also approved a co-financing loan of $120 million on concessional terms and a $5 million grant from Climate Investment Fund’s (CIF) Clean Technology Fund. The project will […]

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World’s Largest Solar Power Plant Operational in Morocco

Reducing emissions by 76,000 tons a year and catering 1.1 million people with energy, the world’s largest solar power plant facility now flaunts in Morocco. Funded by the World Bank and other associates, the $9 billion Noor Concentrated Solar Power (CSP) plant is located in Souss-Massa-Drâa area in Morocco, about 6 miles from Ouarzazate town. […]

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Dreams of Solar Power Park in Himachal Pradesh

State Govt. of Himachal Pradesh plan to establish a 1,000-MW solar park in the Spiti Valley is facing perennial hassles. Given the intense terrain of Spiti, the state government is looking for assistance from all corners for transmitting power produced at the solar park. The project has sought for the support of Power Grid Corp. […]

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IFC, MP Govt to Build the Largest Single-site Power Project in Rewa

A member of the World Bank Group share intends to partner with Madhya Pradesh government for a massive solar project. IFC and state govt. aims to setup the largest single-site power project of 750-Mw in Rewa. IFC will put its expertise to structure and propose the transaction through private investments of about $750 million. “Successful […]

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