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Informist, Tuesday, Dec. 2, 2025

NEW DELHI – The Asian Development Bank has approved a $650-million policy-based loan to accelerate rooftop solar adoption in India. The loan will help expand access to clean, affordable energy for 10 million households by 2027, the ADB said Tuesday.

"The program is accelerating India's clean energy transition by removing long-standing barriers to rooftop solar adoption, including financing constraints and regulatory gaps," ADB Country Director for India Mio Oka said in the release. "It is making rooftop solar affordable and accessible for millions of households while creating green jobs, empowering women, and strengthening the financial health of the power sector."

ADB's intervention is expected to contribute to the country's objective of installing 30 gigawatts of rooftop solar capacity, achieving annual reductions of 28.8 million tonnes of carbon dioxide emissions, and delivering affordable solar energy to millions of households, the multilateral development bank said. "It will also catalyze private sector investment to create opportunities for manufacturers, vendors, and service providers across the renewable energy value chain."

ADB's loan includes $3 million in technical assistance to help implement reforms, build institutional capacity, and promote gender-inclusive participation in the rooftop solar sector.  End

US$1 = INR 89.86

Reported by Shubham Rana

Edited by Avishek Dutta

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