According to the bank document, the project will support the Solar Energy Corporation of India Ltd. (SECI) to finance innovative renewable energy (RE) and battery energy storage solutions (BESS) subprojects to demonstrate applications that can be deployed at a large scale in India’s power system, and build SECI’s market facilitation capacity in a rapidly evolving RE market through monitoring and disseminating its experience in design, construction, operation and contractual arrangements to renewable market stakeholders in India. The proposed project has two components: Component A: Investments in Innovative Renewable Energy (RE) Solutions Component B: Technical Assistance, Capacity Building, Implementation Support, Monitoring and Dissemination."
Borrower US$ 200 million
Clean Technology Fund US$ 50 million
Senior Energy Specialis
Gailius J. Draugelis
Lead Energy Specialist
Solar Energy Corporation of India Limited
Jatindra Nath Swain
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