Roof-top solar to get another US$625m.

The World Bank is providing US$100 million for development of internal infrastructure of solar parks planned by Indian Renewable Energy Development Agency Ltd (IREDA) of Ministry of New & Renewable Energy.

The loan for Solar Power Park Developers (SPPDs) will be through IREDA, said Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy in a written reply to a question in the Lok Sabha 27 July 2017.

In addition, the World Bank is providing low cost financing to roof-top solar developers under a US$625 million Programme for Results (PforR) to be routed through the State Bank of India.

These programmes will increase the availability of debt financing, de-risk commercial financial flows, and build capacity across the solar PV industry to significantly expand the programme of rooftop solar PV across India.

The first 100 MW of solar rooftop financing under this loan has just been approved, the minister added. fii-news.com