Grid-Connected Rooftop Solar Program

Abstract*

The development objective of the Grid-Connected Rooftop Solar Program Project for India is to increase installed capacity of grid-connected rooftop solar photovoltaic (GRPV) and to strengthen the capacity of relevant institutions for GRPV. The program environmental objective (PEO) is to achieve reductions in greenhouse gas (GHG) emissions through the displacement of thermal energy with solar energy. The operation supports the government’s rooftop... Show More

Development Objective

The PDO is to increase installed capacity of Grid-connected Rooftop Solar Photovoltaic (GRPV) and to strengthen the capacity of relevant institutions for GRPV. The Program Environmental Objective (PEO) is to achieve reductions in GHG emissions through the displacement of thermal energy with solar energy.

Key Details

Project Details

Project ID
P155007
Status
Active
Team Leader
Mani Khurana
Borrower 2
State Bank of India

Country
India
Disclosure Date
February 4, 2016
Approval Date
(as of board presentation)
May 13, 2016
Effective Date
September 28, 2016

Total Project Cost 1
US$ 915.00 million
Implementing Agency
State Bank of India
Region
South Asia
Fiscal Year 3
2016

Commitment Amount
US$ 648.00 million
Environmental Category
N/A
Last Update Date
March 13, 2024
Closing Date
November 30, 2027

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Private Sector Development

FY17 - Jobs17%
- FY17 - Job Creation17%

FY17 - Public Sector Management

FY17 - Public Administration50%
- FY17 - Transparency, Accountability and Good Governance50%

FY17 - Urban and Rural Development

FY17 - Rural Development17%
- FY17 - Rural Infrastructure and service delivery17%
FY17 - Urban Development17%
- FY17 - Urban Infrastructure and Service Delivery17%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
GEF Secretariat as Implementing Agency	23.00
International Bank for Reconstruction and Development	500.00
Borrower/Recipient	2.00
Clean Technology Fund	125.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	500.00
IDA Commitment	N/A
IBRD + IDA Commitment	500.00

Lending Instrument
Grant Amount	148.00
Total Project Cost**	915.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Mar 21, 2024	IBRD-94260	Loan Disb	375,000.00
Mar 21, 2024	IBRD-94260	Fee Charges	375,000.00
Jun 28, 2022	IBRD-94260	Loan Commitment	150,000,000.00
May 13, 2016	TF-A2401	Loan Commitment	120,000,000.00
May 13, 2016	IBRD-86110	Loan Commitment	500,000,000.00
Nov 1, 2019	IBRD-86110	Int Charges	6,375,209.00
Nov 1, 2019	IBRD-86110	Int Charges	20,431.32
Nov 1, 2019	IBRD-86110	Int Charges	348,297.44
Nov 1, 2019	IBRD-86110	Int Charges	261,130.11
Aug 29, 2019	IBRD-86110	Loan Disb	51,664,000.00
Apr 16, 2019	IBRD-86110	Loan Disb	9,133,000.00
Mar 15, 2019	IBRD-86110	Loan Disb	60,552,752.00
Jun 27, 2019	IBRD-86110	Loan Disb	23,910,000.00
May 1, 2019	IBRD-86110	Int Charges	2,453,398.20
May 1, 2019	IBRD-86110	Int Charges	371,270.16
May 1, 2019	IBRD-86110	Int Charges	637,424.20
May 1, 2019	IBRD-86110	Int Charges	281,012.56
May 1, 2019	IBRD-86110	Int Charges	374,576.28
May 1, 2019	IBRD-86110	Int Charges	371,270.16
Nov 1, 2018	IBRD-86110	Int Charges	181,858.33
May 1, 2021	IBRD-86110	Int Charges	140,975.56
May 1, 2021	IBRD-86110	Int Charges	3,669,607.00
Jun 29, 2021	IBRD-86110	Loan Disb	48,291,000.00
Dec 22, 2020	IBRD-86110	Loan Disb	14,274,000.00
Nov 1, 2020	IBRD-86110	Int Charges	172,881.30
Nov 1, 2020	IBRD-86110	Int Charges	4,538,637.00
Jun 29, 2020	IBRD-86110	Loan Disb	42,021,000.00
May 1, 2020	IBRD-86110	Int Charges	206,680.36
May 1, 2020	IBRD-86110	Int Charges	6,026,334.00
Nov 1, 2022	IBRD-86110	Int Charges	8,944,440.00
Nov 1, 2022	IBRD-86110	Int Charges	11,601.97
Mar 30, 2022	IBRD-86110	Loan Disb	52,934,000.00
May 1, 2022	IBRD-86110	Int Charges	4,131,031.00
May 1, 2022	IBRD-86110	Int Charges	54,668.42
Nov 12, 2021	IBRD-86110	Loan Disb	8,580,000.00
Nov 1, 2021	IBRD-86110	Int Charges	97,039.64
Nov 1, 2021	IBRD-86110	Int Charges	4,021,330.80
Nov 1, 2023	IBRD-86110	Int Charges	0.30
Nov 1, 2023	IBRD-86110	Int Charges	17,991,102.00
May 1, 2023	IBRD-86110	Int Charges	0.30
May 1, 2023	IBRD-86110	Int Charges	16,541,381.00
Nov 1, 2022	IBRD-86110	Int Charges	74,974.53
Nov 1, 2022	IBRD-86110	Int Charges	0.30
May 1, 2024	IBRD-86110	Int Charges	0.30
May 1, 2024	IBRD-86110	Int Charges	18,783,026.00
May 1, 2024	IBRD-86110	Loan Repay	200,000,000.00
May 1, 2024	IBRD-86110	Int Charges	8,461,794.00
May 1, 2017	IBRD-86110	Int Charges	10,245.90
May 2, 2017	IBRD-86110	Int Charges	1,847,142.80
May 2, 2017	IBRD-86110	Int Charges	183,282.10
Oct 3, 2016	IBRD-86110	Loan Disb	125,000,000.00
Sep 28, 2016	IBRD-86110	Loan Disb	1,250,000.00
Sep 28, 2016	IBRD-86110	Fee Charges	1,250,000.00
May 2, 2017	IBRD-86110	Int Charges	263,856.25
Nov 1, 2018	IBRD-86110	Int Charges	80,006.60
Nov 1, 2018	IBRD-86110	Int Charges	424,368.75
Nov 1, 2018	IBRD-86110	Int Charges	189,482.77
Nov 1, 2018	IBRD-86110	Int Charges	6,634.66
Nov 1, 2018	IBRD-86110	Int Charges	417,734.10
Nov 1, 2018	IBRD-86110	Int Charges	2,690,808.20
Dec 10, 2018	IBRD-86110	Loan Disb	21,340,000.00
May 1, 2018	IBRD-86110	Int Charges	456,712.97
May 1, 2018	IBRD-86110	Int Charges	2,043,917.40
Jun 29, 2018	IBRD-86110	Loan Disb	12,560,000.00
Mar 28, 2018	IBRD-86110	Loan Disb	28,490,000.00
Nov 1, 2017	IBRD-86110	Int Charges	471,027.40
Nov 1, 2017	IBRD-86110	Int Charges	1,987,455.60
May 2, 2017	IBRD-86110	Int Charges	462,920.94

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2024-09-30
Monitoring and Evaluation	Satisfactory	2024-09-30
Overall Implementation Progress (IP)	Satisfactory	2024-09-30

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Capacity of GRPV connected to the grid Value 0.00 414.11 250.00
Date September 30, 2016 February 27, 2024 June 28, 2024
Comment
GHG emissions Value 0.00 0.00 1200000.00
Date September 19, 2016 February 27, 2024 June 28, 2024
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Sustainability of GRPV program at SBI Value No such green climate finance unit exists Unit is in place and operational Completed
Date May 13, 2016 February 27, 2024 June 28, 2024
Comment
Capacity of rooftop solar installed and commissioned under the program (MW) Value 0.00 414.11 500.00
Date May 13, 2016 February 27, 2024 June 28, 2024
Comment

Launch of Rooftop Solar PV program at SBI and development of internal procedures for the identification, risk assessment, appraisaland approval of rooftop solar projects	Value	0	Done	One time
	Date	May 13, 2016	February 27, 2024	June 28, 2024
	Comment

Implementation of TA and capacity building program for discoms, SNAs, SERCs etc. Value 0 TA completed TA completed
Date May 13, 2016 February 27, 2024 June 28, 2024
Comment
Amount rooftop solar loans approved by SBI Value 0.00 515000000.00 625000000.00
Date May 13, 2016 February 27, 2024 June 28, 2024
Comment
Amount of additional equity financing from private sources mobilized by SBI Value 0.00 219000000.00 265000000.00
Date May 13, 2016 February 27, 2024 June 28, 2024
Comment
Capacity (MW) of GRPV orders Value 0.00 870.09 600.00
Date May 13, 2016 February 27, 2024 June 28, 2024
Comment

Capacity of GRPV connected to the grid	Value	0.00	414.11	250.00
	Date	September 30, 2016	February 27, 2024	June 28, 2024
	Comment

GHG emissions	Value	0.00	0.00	1200000.00
	Date	September 19, 2016	February 27, 2024	June 28, 2024
	Comment

Sustainability of GRPV program at SBI	Value	No such green climate finance unit exists	Unit is in place and operational	Completed
	Date	May 13, 2016	February 27, 2024	June 28, 2024
	Comment

Implementation of TA and capacity building program for discoms, SNAs, SERCs etc.	Value	0	TA completed	TA completed
	Date	May 13, 2016	February 27, 2024	June 28, 2024
	Comment

Capacity (MW) of GRPV orders	Value	0.00	870.09	600.00
	Date	May 13, 2016	February 27, 2024	June 28, 2024
	Comment

Grid-Connected Rooftop Solar Program

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

Stay Connected, sign up for our:

Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

Detailed Financial Activity as of March 31, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS