| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 150.00 |
| Borrower/Recipient | 200.00 |
| Clean Technology Fund | 49.81 |
Innovation in Solar Power and Hybrid Technologies
Abstract*
The development objectives of the Innovation in Solar Power and Hybrid Technologies Project for India are to demonstrate the operational and economic feasibility of utility scale innovative renewable energy (RE) technologies and battery energy storage solutions (BESS), and to strengthen institutional capacity to facilitate scale-up of such technologies on a commercial basis in India. The project comprises of two components. The first component will... Show More
Development Objective
The Project Development Objectives (PDO) are to demonstrate the operational and economic feasibility of utility-scale innovative renewable energy technologies and battery energy storage solutions, and to strengthen institutional capacity to facilitate scale-up of such technologies on a commercial basis in India.
Key Details
Project Details
P160379
Active
Surbhi Goyal
India
November 18, 2016
(as of board presentation)
March 29, 2019
March 7, 2023
US$ 400.00 million
Solar Energy Corporation of India Limited
2019
US$ 199.81 million
B
N/A
December 31, 2025
Yes
BANK APPROVED
March 21, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 150.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 150.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | 49.81 |
| Total Project Cost** | 400.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Mar 29, 2019 | IBRD-89440 | Loan Commitment | 150,000,000.00 |
| May 31, 2024 | IBRD-89440 | Loan Disb | 15,220,236.00 |
| Mar 15, 2023 | IBRD-89440 | Loan Disb | 100,000.00 |
| Feb 10, 2023 | IBRD-89440 | Loan Cancel | 83,000,000.00 |
| Mar 7, 2023 | IBRD-89440 | Loan Disb | 167,500.00 |
| Mar 7, 2023 | IBRD-89440 | Fee Charges | 167,500.00 |
| Dec 15, 2023 | IBRD-89440 | Int Charges | 83,644.17 |
| Dec 15, 2023 | IBRD-89440 | Int Charges | 117.90 |
| Dec 15, 2023 | IBRD-89440 | Int Charges | 8,463.42 |
| Jun 15, 2023 | IBRD-89440 | Int Charges | 56,267.47 |
| Jun 15, 2023 | IBRD-89440 | Int Charges | 4,043.99 |
| Jun 15, 2024 | IBRD-89440 | Int Charges | 66,568.86 |
| Jun 15, 2024 | IBRD-89440 | Int Charges | 418,017.16 |
| Jun 15, 2024 | IBRD-89440 | Loan Repay | 566,980.44 |
| Jun 15, 2024 | IBRD-89440 | Int Charges | 53.19 |
| Mar 7, 2024 | IBRD-89440 | Loan Disb | 22,411,718.00 |
| Mar 29, 2019 | TF-A9875 | Loan Commitment | 28,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Moderately Satisfactory | 2025-03-13 |
| Project Management | Satisfactory | 2025-03-13 |
| Procurement | Satisfactory | 2025-03-13 |
| Monitoring and Evaluation | Moderately Satisfactory | 2025-03-13 |
| Financial Management | Satisfactory | 2025-03-13 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2025-03-13 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Generation Capacity of Renewable Energy (other than hydropower) constructed Value 0.00 100.00 400.00 Date March 29, 2019 February 1, 2024 December 31, 2024 Comment Each solution (hybrid, floating solar PV and battery energy storage) demonstrated at least once through subprojects Value No Yes Yes Date March 29, 2019 February 1, 2024 December 31, 2024 Comment Regulations, codes or standards for battery energy storage solutions issued Value No Yes Yes Date March 29, 2019 February 1, 2024 December 31, 2024 Comment Generation Capacity of Renewable Energy constructed - Other Value 0.00 100.00 400.00 Date March 29, 2019 February 1, 2024 December 31, 2024 Comment Renewable Energy generated (in megawatt hours) Value 0.00 0.00 764550.00 Date March 29, 2019 February 1, 2024 December 31, 2024 Comment Greenhouse Gas Emissions Avoided (tons of CO2 equivalent per year) Value 0.00 0.00 510000.00 Date March 29, 2019 February 1, 2024 December 31, 2024 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Installed Generation Capacity of Hybrid Power Plants Value 0.00 100.00 300.00 Date March 29, 2019 February 1, 2024 December 31, 2024 Comment Number of Market Sounding, Workshops and Other Dissemination Activities Completed Value 0.00 18.00 15.00 Date March 29, 2019 December 31, 2023 December 31, 2024 Comment Installed Generation Capacity of Floating Solar PV Power Plants Value 0.00 0.00 100.00 Date March 29, 2019 February 1, 2024 December 31, 2024 Comment Number of Stakeholders Informed and Consulted Through Market Sounding and Dissemination Activities Value 0.00 730.00 250.00 Date March 29, 2019 December 31, 2023 December 31, 2024 Comment Number of MW/MWh-Scale Battery Energy Storage Solutions Installed Value 0.00 1.00 2.00 Date March 29, 2019 February 1, 2024 December 31, 2024 Comment Number of Innovative Battery Energy Storage and Renewable Energy Subprojects Implemented Value 0.00 1.00 3.00 Date March 29, 2019 February 1, 2024 December 31, 2024 Comment Grievances received that are addressed within two months of receipt Value 0.00 100.00 100.00 Date March 29, 2019 February 1, 2024 December 31, 2024 Comment Number of Types of Innovative Battery Energy Storage and Renewable Energy Solutions Demonstrated Value 0.00 1.00 3.00 Date March 29, 2019 February 1, 2024 December 31, 2024 Comment Number of Standard Procurement Documents for Innovative Solutions Developed Value 0.00 1.00 3.00 Date March 29, 2019 February 1, 2024 December 31, 2024 Comment Number of Detailed Project Reports/Feasibility Studies for Innovative Battery Energy Storage and Renewable Energy Projects Prepared Value 1.00 4.00 4.00 Date March 29, 2019 February 1, 2024 December 31, 2024 Comment Study to Develop Career path for women employees in SECI and Implementation of Recommendations of such Study Value No No Yes Date March 29, 2019 February 1, 2024 December 31, 2024 Comment Percentage of women in total workforce of SECI Value 20.00 16.82 30.00 Date March 29, 2019 December 31, 2023 December 31, 2024 Comment Percentage of women in technical departments of SECI Value 13.00 8.41 23.00 Date March 29, 2019 December 31, 2023 December 31, 2024 Comment