India’s Solar Transition Moves to the Rooftop with $890 Million World Bank Package
Published on: July 10, 2026, 11:26 p.m. | Source: Devdiscourse
The World Bank has approved $890 million in loans and grant funding to support residential rooftop solar installations under India’s PM Surya Ghar: Muft Bijli Yojana, alongside plans to mobilise about $4.2 billion in private financing. The package seeks to address the financing and service barriers that have held back household solar adoption, while supporting domestic manufacturing, lowering electricity expenses and creating an estimated 1.7 million jobs. Its impact will depend on whether financing institutions, electricity distributors and equipment vendors can turn large funding commitments into accessible and reliable household installations.
