Jul 23, 2025
India’s renewable energy capacity has surged to 179 GW, but integrating that power into the grid is the next frontier. India’s $70 million Investment Plan under our Renewable Energy Integration Program aims to solve this challenge by drawing in $865 million in co-financing through a five-project strategy. The plan ensures that India’s clean energy ambition translates into reliable, affordable, and low-carbon power for millions of its citizens.
Supported by CIF’s implementing multilateral bank partners (MDBs) – including the Asian Development Bank (ADB), the International Finance Corporation (IFC), and the World Bank, the plan funds 1,815 MW of new generation, 1,500+ MWh of battery storage, and over 4,200 circuit kilometers of grid upgrades. This equates to the electricity required to power more than 1.5 million homes, store energy for over 300,000 households during peak hours, and extend clean electricity to underserved areas.
Some of India’s main goals as outlined in the plan include:
⚡ Generating 500 GW of non-fossil capacity by 2030
👷🏽♀️ Creating 14,000 green jobs
✂️ Cutting 3.5 million tons of emissions annually and
⏳ Making progress on reaching net zero by 2070
"As of November 30, 2024, 46.8 percent of the installed capacity is from non-fossil fuel-based energy resources,” says Shri Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance, Republic of India.
“Given the magnitude and scale of our energy transition, the REI investment plan will provide further impetus to achieving India's climate goals and attracting private sector investment across our renewable energy integration value chain."
The plan outlines how India plans to build new infrastructure to power the country's future. This includes offshore wind transmission in Tamil Nadu and Gujarat to battery storage for industrial parks and green energy corridors in renewable energy-rich states.
Launched in 2021, CIF’s Renewable Energy Integration Program is the only concessional finance mechanism of its kind, focused entirely on enhancing and adapting national energy systems. The program assists developing nations in fully leveraging the potential of clean technologies and addresses system-wide barriers to integrating renewable energy sources into national grids. By providing highly concessional funding, REI partners with countries to develop efficient and effective energy systems. Brazil, Colombia, Costa Rica, Fiji, Kenya and Türkiye have also had their investments plans endorsed under this program.
Learn more about India’s Investment Plan: In full | In Brief