The World Bank has approved a financing package to support India’s national rooftop solar programme. The financing package includes an $820 million loan from the International Bank for Reconstruction and Development (IBRD), a $60 million concessional loan from the Clean Technology Fund, and a $10 million grant from IBRD’s Livable Planet Fund.
Additionally, the World Bank will mobilise $4.2 billion in private financing through commercial loans to support rooftop solar installations for households. The financing will accelerate the adoption of residential rooftop solar systems and create around 1.7 million jobs across the renewable energy manufacturing, installation, and services value chain.
Earlier, in July 2026, the World Bank approved $265 million to support the Ifahsa pumped hydropower storage project. The project has an installed capacity of 300 MW and is located near Chefchaouen in Morocco. The project will enhance grid flexibility and enable the integration of at least 1 GW of additional solar and wind capacity.
