India Secures $197.67 Mn MIGA Guarantee For Rooftop Solar

24 Feb 2026 CW Team

India has recently secured a US$197.67 mn guarantee from the Multilateral Investment Guarantee Agency (MIGA), the guarantee arm of the World Bank Group, to support refinancing of a US$500 mn State Bank of India (SBI) loan for grid-connected rooftop solar. The five-year guarantee was provided to back Citibank's non-shareholder loan to the State Bank of India. The instrument is intended to de-risk commercial financing and strengthen investor confidence in rooftop deployments.

The refinanced loan supports a national initiative to deploy grid-connected rooftop solar photovoltaic systems for commercial and industrial consumers across India. The State Bank of India launched the rooftop programme in 2016 with financial and technical support from the World Bank to demonstrate commercial viability and broaden market participation. The scheme aimed to mobilise private capital and attract international commercial lenders.

An International Bank for Reconstruction and Development (IBRD) implementation report confirmed that 1,004 megawatt (MW) of capacity was installed under the programme, illustrating early success. MIGA cooperation with the IBRD and Citi is intended to expand SBI's renewable energy portfolio and contribute to India’s climate goals. Senior stakeholders characterised the transaction as an example of One World Bank Group collaboration to mobilise private capital.

The transaction follows a similar rooftop refinancing collaboration in 2024 among Citi, MIGA and the State Bank of India, reinforcing a pattern of public-private partnerships. In 2024 the World Bank Group consolidated its guarantee products under MIGA with a target to scale annual issuance to US$20 bn by 2030 to crowd in private capital for climate and development priorities. The guarantee is expected to support continued deployment of rooftop systems and further private sector participation.

Equipment

24 Feb 2026

Kabelschlepp India Installs Robotic VMC in Bengaluru

Kabelschlepp India, part of the Tsubaki Group, has installed a state-of-the-art Vertical Machining Center (VMC) integrated with robotic automation at its Bengaluru facility. The inauguration was held in the presence of Henning Preis, President & CEO, Kabelschlepp Group, Jörg Schulz, Vice President – Production, and Srinivas P. Kamisetty, Managing Director, Kabelschlepp India.The high-precision CNC VMC is designed for advanced milling, drilling, tapping and multi-axis machining. Equipped with a vertical spindle orientation, automatic tool changer and intelligent CNC control system, it en..

Highway Delivery Reset!

Project delays and inefficiencies continue to bedevil the progress of India’s National Highways network. A multi-pronged reform agenda is needed to inject greater transparency and accountability at every stage – from planning and procurement to execution, maintenance and oversight. This article offers key recommendations and reform strategies that government stakeholders – from the Ministry of Road Transport & Highways (MoRTH) and the National Highways Authority of India (NHAI) to state agencies and oversight bodies – should pursue to put highway development on a better track.Decen..

MSIDC Executes ₹37,000 Crore Road Programme

With Rs 37,000 crore worth of road projects under execution across Maharashtra, Maharashtra State Infrastructure Development Corporation (MSIDC) is driving one of the state’s largest infrastructure programmes. Dr Brijesh Dixit, Managing Director, discusses the institutional reforms, execution frameworks, financing strategies and technology adoption enabling timely, high-quality delivery, in conversation with PRATAP PADODE, Editor-in-Chief, CW.With over Rs 37,000 crore worth of road projects underway across districts – many under tight timelines – what institutional and executio..