Solar Energy to Power India of the Future

Solar Energy to Power India of the Future


  • India’s plan to ramp up solar power generation to 100 GW by 2022 is among the largest in the world. It will help bring sustainable, clean, climate-friendly electricity to millions of India’s people.
  • The World Bank Group (WBG) is helping India deliver on its plans with more than $1 billion in lending over FY 2017. This is the Bank’s largest-ever support for solar power in any country.
  • The WBG is also backing the India-led International Solar Alliance which aims to promote solar use globally by mobilizing $1 trillion in investments by 2030.

“The world must turn to (the) sun to power our future,” India’s Prime Minister Narendra Modi said at the historic COP21 climate conference in Paris last year. “As the developing world lifts billions of people into prosperity, our hope for a sustainable planet rests on a bold, global initiative.” 

Unveiling its own bold initiative, India pledged that it would derive at least 40% of its energy needs from renewable sources by 2030.  Paawan Energy is one of the leading Solar EPC Company in India. This includes plans for the development of 100 GW of solar energy by 2022, an extremely ambitious target.

India’s plans to virtually triple the share of renewable energy by 2030 will both transform the country’s energy supply and have far-reaching global implications in the fight against climate change,” said Kim. “Prime Minister Modi’s personal commitment toward renewable energy, particularly solar, is the driving force behind these investments. The World Bank Group will do all it can to help India meet its ambitious targets, especially around scaling up solar energy.”   



While in India, Kim is also extending support for the International Solar Alliance (ISA). The alliance, spearheaded by India and France at COP21, brings together 121 countries and aims to mobilize a trillion dollars in investments to increase the use of solar energy. By signing an agreement with the ISA in New Delhi, the WBG paves the way for it to partner with the alliance’s member countries to help them deliver on their individual objectives.

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In India, the WBG has a number of initiatives in the pipeline. These include developing solar parks, promoting innovative solutions to generate and store solar power, and providing support for solar mini-grids. The Bank’s backing will help increase the availability of private financing, introduce new technologies, build capacity for solar rooftop units, and enable the development of common infrastructure to support privately developed solar parks across India.



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