India Boosts Rooftop Solar with $240.5 Million ADB Funding
POWER & RENEWABLE ENERGY

India Boosts Rooftop Solar with $240.5 Million ADB Funding

India is set to significantly enhance its rooftop solar capacity with a substantial $240.5 million funding from the Asian Development Bank (ADB). This investment aims to accelerate the country?s transition to renewable energy and expand its solar infrastructure.

The funding will support the installation of rooftop solar systems across various sectors, including residential, commercial, and industrial. The initiative is part of India?s broader strategy to increase renewable energy adoption and reduce dependency on fossil fuels.

ADB's support will facilitate the development of new solar projects, improve technology deployment, and promote innovative financing solutions. By enhancing rooftop solar installations, India seeks to address growing energy demands while contributing to climate change mitigation efforts.

The expanded rooftop solar capacity is expected to generate significant environmental benefits, including reduced greenhouse gas emissions and decreased reliance on non-renewable energy sources. This move aligns with India?s commitments under international climate agreements and national sustainability goals.

Additionally, the program aims to enhance energy security and provide economic benefits by creating job opportunities in the renewable energy sector. It also promotes energy independence at the local level, empowering communities with cleaner and more reliable power sources.

India?s collaboration with ADB underscores a commitment to advancing green technologies and fostering sustainable development. The expanded rooftop solar initiative represents a crucial step towards a more resilient and eco-friendly energy future.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

India is set to significantly enhance its rooftop solar capacity with a substantial $240.5 million funding from the Asian Development Bank (ADB). This investment aims to accelerate the country?s transition to renewable energy and expand its solar infrastructure. The funding will support the installation of rooftop solar systems across various sectors, including residential, commercial, and industrial. The initiative is part of India?s broader strategy to increase renewable energy adoption and reduce dependency on fossil fuels. ADB's support will facilitate the development of new solar projects, improve technology deployment, and promote innovative financing solutions. By enhancing rooftop solar installations, India seeks to address growing energy demands while contributing to climate change mitigation efforts. The expanded rooftop solar capacity is expected to generate significant environmental benefits, including reduced greenhouse gas emissions and decreased reliance on non-renewable energy sources. This move aligns with India?s commitments under international climate agreements and national sustainability goals. Additionally, the program aims to enhance energy security and provide economic benefits by creating job opportunities in the renewable energy sector. It also promotes energy independence at the local level, empowering communities with cleaner and more reliable power sources. India?s collaboration with ADB underscores a commitment to advancing green technologies and fostering sustainable development. The expanded rooftop solar initiative represents a crucial step towards a more resilient and eco-friendly energy future.

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000