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.

Project Details

GEF Project ID
76
Country
India
Implementing Agencies
The World Bank
Approval FY
1991
Status
Completed
Region
Asia
Executing Agencies
Indian Renewable Energy Development Agency (Department of Non-Conventional Energy Sources)
GEF Period
Pilot Phase
Project Type
Full-size Project
Focal Areas
Funding Source
GEF Trust Fund

Financials

USD
Co-financing Total
424,000,000
GEF Project Grant
26,000,000
GEF Agency Fees
0

Timeline

Concept Approved
01 Dec 1991
Project Approved for Implementation
01 Dec 1991
Project Closed
30 Jan 2002