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projectFP081

Line of Credit for Solar rooftop segment for Commercial, Industrial and Residential Housing sectors

5212200
TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided

Impact

Mitigation
GCF results area
  • Energy generation and access
UN Sustainable Development Goal
  • #7 Affordable and clean energy

Location & People

Region
  • Asia-Pacific
Country
  • India IND

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category I1
    • Category I2
    • Category I3
Total project investment
GCF Financing
  • Instrument Loan USD
Co-Financing
  • Tata Cleantech Capital Limited Loan USD
  • Private Sector Developers Equity USD

Project owners

Accredited Entity Executing Entity
  • Tata Cleantech Capital Limited
Line of Credit for Solar rooftop segment for Commercial, Industrial and Residential Housing sectors Approved March 2018 Est. implementation period 5.0 years
Enabling access to long-term, affordable finance for solar rooftop installation projects in commercial, industrial and residential housing sectors in India, including vulnerable communities. 

India is the world's fourth largest carbon emitter, responsible for 6 per cent of global greenhouse gas emissions. In its Nationally Determined Contribution (NDC), the Government of India has stated its ambition to achieve 40 percent cumulative electric power capacity from non-fossil fuel-based energy resources by 2030 - with a target of 40 GW of rooftop solar power by 2022.

The programme will enable access to long-term and affordable financing for the construction of 250 MW of rooftop solar capacity in India and thereby reduce emissions by 5.2 million tonnes of CO2 equivalent over 20 years. This pioneering private sector-driven initiative will unlock private sector investment in the rooftop solar market and pave the way toward a sustainable bankable model in India and beyond.

The project has an estimated lifespan of 20 years.
Type
Document title
Published date
Approved funding proposal FP081 - NABARD - India 27 Mar 2018
Gender assessment FP081 - NABARD - India 22 May 2018
Gender action plan FP081 - NABARD - India 23 May 2018
Accredited Entity
  • National Bank for Agriculture and Rural Development (NABARD) Dr. Harsh Kumar Bhanwala Tel: +91 22 26530000 Ms. T S Raji Gain Tel: +91 22 26530009 Tel: +91 22 26530094
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