| Financier | Commitments |
|---|---|
| IBRD Fund for Innovative GPG Solutions | 15.00 |
| International Bank for Reconstruction and Development | 150.00 |
| Borrower/Recipient | 101.00 |
Additional Financing: Rooftop Solar Program for Residential sector
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
P171750
Active
Amit Jain , Mani Khurana
State Bank of India
November 18, 2019
(as of board presentation)
June 28, 2022
N/A
US$ 2120.00 million
State Bank of India
2022
US$ 165.00 million
N/A
March 5, 2023
November 30, 2027
Yes
BANK APPROVED
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 | 15.00 |
| Total Project Cost** | 2120.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
Detailed Financial Activity as of March 31, 2025
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Capacity of GRPV connected to the grid Value 0.00 218.00 250.00 Date September 30, 2016 September 2, 2019 November 30, 2021 Comment GHG emissions Value 0.00 0.00 1200.00 Date September 19, 2016 November 26, 2019 November 30, 2021 Comment Capacity of GRPV in the residential sector connected to the grid Value 0.00 0.00 450.00 Date December 1, 2022 December 1, 2022 November 30, 2027 Comment GHG emissions mitigated through the GRPV capacity added in the residential sector Value 0.00 0.00 550000.00 Date December 1, 2022 December 1, 2022 November 30, 2027 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Phase 2 of SBI’s Rooftop Solar PV program launched Value 0 Not yet due Completed Date May 13, 2016 November 30, 2017 November 30, 2021 Comment Capacity of rooftop solar installed and commissioned under the program (MW) Value 0.00 218.00 500.00 Date May 13, 2016 September 2, 2019 November 30, 2021 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 July 21, 2016 November 30, 2021 Comment Implementation of TA and capacity building program for discoms, SNAs, SERCs etc. Value 0 work ongoing in 17 States on demand aggregation, p TA completed Date May 13, 2016 September 2, 2019 November 30, 2021 Comment Amount rooftop solar loans approved by SBI Value 0.00 211440000.00 625000000.00 Date May 13, 2016 October 31, 2019 November 30, 2021 Comment Amount of additional equity financing from private sources mobilized by SBI Value 0.00 89.65 265.00 Date May 13, 2016 November 13, 2019 November 30, 2021 Comment Capacity (MW) of GRPV orders Value 0.00 432.00 600.00 Date May 13, 2016 September 16, 2019 November 30, 2021 Comment Amount of rooftop solar loans signed by SBI in the residential sector Value 0.00 0.00 165000000.00 Date December 1, 2022 December 1, 2022 November 30, 2027 Comment Amount of additional equity financing from private sources mobilized by SBI in the residential sector Value 0.00 0.00 71000000.00 Date December 1, 2022 December 1, 2022 November 30, 2027 Comment Females provided with favorable concessional loans towards installation of solar systems (concessional loans with lower rate of interest than for other consumers) Value 0.00 0.00 3.00 Date December 1, 2022 December 1, 2022 November 30, 2027 Comment Satisfactory redressal of 90 percent of the received grievances Value 0.00 0.00 90.00 Date December 1, 2022 December 1, 2022 November 30, 2027 Comment Amount of loans for the innovative utility-led model or for GRPV with BESS in the residential sector, or both, with a target of US$25 million loans signed, of which at least 40 percent is for BESS Value 0.00 0.00 25000000.00 Date December 1, 2022 December 1, 2022 November 30, 2027 Comment