Alternate Energy

Project promotes and commercializes investment in wind farms and solar photovoltaic power systems through the provision of below-market loans to investors in these systems, primarily from the private sector. Popularizes renewable technologies through public education programs that explain their functions and capacity. Implementation is overseen by the Indian Renewable Energy Development Agency, which is benefitting from capacity-building assistance.

Financial mechanism
GEF
Date of approval
Status
Completed
Countries
Managing organisations
Indian Renewable Energy Development Agency (Department of Non-Conventional Energy Sources)
Implementing organisations
World Bank
Project ID
76
GEF project type
Full size
GEF project phase
Pilot Phase
GEF Cofinancing
$424.000.000
GEF project grant
$26.000.000
Executing Agencies
Indian Renewable Energy Development Agency (Department of Non-Conventional Energy Sources)