Loan approved by the World Bank’s Board of Executive Directors to the Government of Himachal Pradesh to support the state’s renewable energy goals and introduce reforms in its power sector under the Power Sector Development Program.

Additional renewable energy capacity targeted by Himachal Pradesh as part of its clean energy transition, supported through the World Bank–funded program.

Final maturity period of the World Bank loan, including a grace period to ease repayment burden.

Grace period included in the Himachal Pradesh power sector loan agreement from the World Bank.

Portion of Himachal Pradesh’s current energy demand met through hydropower, highlighting the state’s existing renewable reliance.

Clean energy target set by Himachal Pradesh to be achieved by the end of the current decade.

Planned solar capacity addition in Himachal Pradesh to expand renewable generation under the World Bank–funded initiative.

Greenhouse gas emissions expected to be mitigated annually through the new solar capacity addition in Himachal Pradesh.

Number of female apprentices to be trained under the loan program, supported by the National Apprentice Promotion Scheme.

Separate World Bank loan and grant agreement signed with the Indian government and the Solar Energy Corporation of India to support national clean energy deployment.

India’s renewable energy target for 2030, aligned with World Bank–supported programs.

Financing India is estimated to need by 2030 to meet its renewable energy goals, according to IFC.

Anticipated reduction in carbon emissions associated with India’s renewable energy strategy, as estimated by the IFC.