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World Bank aid to India’s hydrogen plans
July 5 , 2024
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- The World Bank has approved the second round of a $1.5 billion loan to help India push its low-carbon energy development.
- The funds will help promote a vibrant market for green hydrogen, scale up renewable energy, and stimulate finance for low-carbon energy investments.
- In June 2023, the World Bank approved the first $1.5 billion First Low-Carbon Energy Programmatic Development Policy Operation.
- It is expected to result in the production of at least 450,000 metric tons of green hydrogen and 1.5 GW of electrolysers per year from fiscal 2025-26 onwards.
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