World Bank US$200 million loan to support Indian wind and storage hybrid innovation

LinkedIn
Twitter
Reddit
Facebook
Email

Credit: MNRE
The World Bank's groundbreaking US$1 billion loan for India's solar programme will partly focus on improving transmission for solar parks and supporting innovation in wind and energy storage hybrids, according to a senior government official.

Tarun Kapoor, joint secretary of the Ministry for New and Renewable Energy (MNRE), told Energy-Storage.News: “The loans are already identified and are at various stages of approval.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

He said these include a US$200 million loan for large-scale solar projects and innovation with wind and storage hybrids to be implemented by the Solar Energy Corporation of India (SECI).

There will also be a US$625 million loan for solar rooftop and US$200 million for supporting internal infrastructure in solar parks.

Another loan will be for state-owned transmission and utilities firm Power Grid Corporation to help support transmission from solar parks. This is particularly pertinent given widepsread concerns over the ability of India's transmission network to handle the expected surge in intermittent solar power coming online over the next two years. 

Jasmeet Khurana, associate director, consulting, Bridge to India, recently wrote that the government needs to prioritize investments into the transmission infrastructure to proactively assuage concerns of the sector.

Energy storage has started to come to the fore as a result of these concerns, with the government announcing in February that energy storage would be tied into a major solar PV procurement for a 750MW park in Andhra Pradesh.

In a guest blog on Energy-Storage.News' sister site PV Tech today, Tim Buckley, director of energy finance studies, Australasia, Institute of Energy Economics and Financial Analysis (IEEFA), explains how significant the World Bank loan is for India.

31 October 2025
Greater Noida, India

Read Next

July 3, 2025
Idaho Power’s updated integrated resource plan adds more solar, wind and energy storage than gas generation, while Public Service Company of New Mexico gets 450MW of solar and storage added to its resource application.
July 1, 2025
Spanish developer and independent power producer (IPP) Zelestra has reached financial close for its hybrid 1GWh BESS and solar PV plant in Chile.
June 27, 2025
Australia’s AER has approved plans to convert Basslink to a regulated transmission service, with implications for PHES developments.
June 26, 2025
Independent power producer (IPP) CleanCapital has acquired a 27MW solar and 25MWh battery storage portfolio across Massachusetts and California, from Pacifico Energy.
June 26, 2025
Update 27 June 2025: Trianel and Luxcara responded to Energy-Storage.news’ enquiries below regarding the project timelines and the Battery Park’s planned capacities.

Most Popular

Email Newsletter