World Bank approves $1.5 billions loan to support India's green hydrogen push

The World Bank has approved a $1.5-billion loan to help India accelerate its low-carbon energy development.

The funds will be used to promote a market for green hydrogen, electrolysers, and increased renewable energy penetration, it said in a statement on Friday.

This is the second round of funding from the World Bank towards India's green energy push.

In June 2023, the World Bank approved the $1.5-billion First Low-Carbon Energy Programmatic Development Policy Operation to accelerate India’s development of low-carbon energy.

The fresh funding will help India expand green hydrogen production and consumption as well as for a faster development of climate finance. This will boost the mobilisation of finance for low-carbon investments, according to the multilateral financing agency.

“The Second Low-Carbon Energy Programmatic Development Policy Operation – the second in a series of two operations similar in size – will support reforms to boost the production of green hydrogen and electrolysers, critical technology needed for green hydrogen production,” the World Bank said in a statement.

The development comes in the backdrop of India’s ambitious energy transition targets. The Centre has set a target of achieving 500 GW of installed renewable energy capacity by 2030 and reaching net zero by 2070. Further, the Centre also launched the ₹17,000-crore National Green Hydrogen Mission to promote manufacturing of electrolysers and green hydrogen.

Renewable Energy - Related Products

All Categories Alexa Skills Amazon Devices Amazon Fashion Amazon Fresh Appliances Apps & Games Baby Beauty Books Car & Motorbike Clothing & Accessories Collectibles Computers & Accessories Deals Electronics Furniture Garden & Outdoors Gift Cards Grocery & Gourmet Foods Health & Personal Care Home & Kitchen Industrial & Scientific Jewellery Kindle Store Luggage & Bags Luxury Beauty Movies & TV Shows Music Musical Instruments Office Products Pet Supplies Prime Video Shoes & Handbags Software Sports, Fitness & Outdoors Subscribe & Save Tools & Home Improvement Toys & Games Under 500 Video Games Watches

Search

Amazon Brands

Bestsellers

Bioenergy

Geothermal Energy

Hydropower

Renewable Media

Solar Energy

Wind Power

by Nexus Solar Energy

Nexus Solar Energy 210watt/ 12V. Bifacial Solar Panel (Pack of 1)

Price: 15999 18999

You Save: -16%

by yuye

Yuye Motor Generator, Electric Turbine Wind Power Generator 24V 400W Synchronous For Generators For Wind Turbine(Motor)

Price: 28309 56599

You Save: -50%

by Semaphore

Semaphore Car Auto Wind Power LED Light Shark Fin Antenna Flash Lamp - Black Compatible with Tata Indigo ECS

Price: 399 799

You Save: -50%

by ADIUM

Wind Generator, 3Pcs 580MM Automatically Adjustable Windward, Human-Friendly Design, Wind-Mill Generator, for Generate Electricity Power Generation(12V)'$

Price: 60038 120076

You Save: -50%

by The Home Remedy

The Home Remedy Humming Bird Solar Power Outdoor Wind Chime | Home & Balcony Decoration | Gift Item | Feng Shui | Waterproof | Positive Energy Items For Home | Blue

Price: 990 1399

You Save: -29%

by D.LIGHT

D.LIGHT 20 Watt - 12 Volt Solar Panel for Home Lighting & Small Battery Charging

Price: 1519 3000

You Save: -49%

by hardoll

hardoll Solar Road Stud Light /Rechargeable6 LED Lamp Waterproof Outdoor Lantern Step Pathway Lights for Security Driveway (Red Flashing)(Metal)

Price: 702 1190

You Save: -41%

by UBERSWEET

Ubersweet Motor Generator, Alternator 24V 400W Turbine Wind Power Generator for Generators for Wind Turbine(Motor)

Price: 31779 63599

You Save: -50%

by KITS GURU

DC 24V 20W Hand Generator Wind Hydraulic Emergency Power OLD Dynamotor KG429

Price: 1899 2800

You Save: -32%

by ELECTROPRIME

ELECTROPRIME Small LED Wind Generator Turbine Wind Power Model Self Powered LED Light 9cm

Price: View At Amazon

by HUADM

Wind Power Generator, Low Noise Wind Turbine Generator Kit, 200W 3 Blades 12M/S Rated Wind Speed for Boats Cabins Terraces Mobile Homes(#2)

Price: 35799 71599

You Save: -50%

by UBERSWEET

Ubersweet Solar Wire, High Efficiency Tinned Copper XLPE Sheath Energy Saving Solar Extension Cable Double Insulated Corrosion Resistance for Power Station System (10mm? 50m)

Price: 39289 78599

You Save: -50%

by Ndas International

NDAS INTERNATIONAL STEM 13-in-1 Solar Educational Robot Kit Toys - Powered by The Solar Energy - Building Kit DIY Assembly Battery Operated Robotic Set - for Kids, Children & Girls

Price: 799 1999

You Save: -60%

by PEZYOX

PEZYOX 13-in-1 Solar Educational Robot Kit Toys - Powered by The Solar Energy - Building Kit DIY Assembly Battery Operated Robotic Set - for Kids

Price: 1199 1299

You Save: -8%

by Ketsicart

Ketsicart Wind Power Generator, Motor Generator Turbine for Wind Turbine for Generators(Motor)

Price: View At Amazon

by Generic

Generic Wind-Mill Generator, Wind Generator, 24V 12V, Flange Connection Installation, 3Pcs 580MM Home for Generate Electricity Industry Power Generation(12V)'

Price: 72909 145799

You Save: -50%

by Nigel G Halford

Introduction To Bioenergy

Price: 2589 3046

You Save: 456(15%)

by SIX FOXES

Wind Chime,Hummingbird Wind Chimes Outdoor Indoor,sun/Butterfly/Bird Changing Color solar wind chimes and more, Power Mobile Lamp 6 memorial Wind Chimes,mom gifttree colorful garden wind chime

Price: 4934 6917

You Save: -29%

view more..