World Bank Approves $1.5 Billion Loan to Boost India's Green Energy Drive

01 Jul 2024 CW Team

The World Bank has sanctioned a crucial $1.5 billion loan aimed at propelling India towards a robust low-carbon energy future. This financing, approved by the bank's board of executive directors marks a significant stride in India's efforts to bolster its renewable energy sector and foster a market for green hydrogen and electrolysers.

"This financing is pivotal in scaling up renewable energy capacity and stimulating investments in low-carbon energy solutions," remarked Auguste Tano Kouame, World Bank's Country Director for India.

The initiative underscores the urgency of decoupling economic growth from escalating emissions, with India's economy poised for continued expansion. "Our focus extends beyond financial support to enhancing policy frameworks and providing technical assistance crucial for energy transition," Kouame added.

Central to the program is the augmentation of policies incentivizing green hydrogen adoption and renewable energy integration. "We aim to mobilize additional private sector investments in India's energy landscape," Kouame emphasized. The program will also spotlight advancements in offshore wind, floating solar technologies, and energy efficiency enhancements, including green building initiatives.

"The amendment of grid codes to facilitate greater renewable energy integration is pivotal," Kouame highlighted, underlining the program's strategic alignment with India's renewable energy ambitions. Further initiatives will incentivize battery energy storage solutions essential for round-the-clock clean power generation.

The World Bank's endorsement of this loan underscores its commitment to supporting India's journey towards sustainable development and climate resilience. This collaboration is set to redefine India's energy landscape, advancing its global leadership in renewable energy adoption.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..