The World Bank has approved a USD 1.5 billion loan to support India's green energy push, focusing on accelerating low-carbon energy development. This funding is the second significant support from the World Bank towards India's green energy initiatives. The loan specifically targets promoting green hydrogen production, electrolyser manufacturing, and increasing renewable energy adoption in India. It aims to facilitate reforms that will boost green hydrogen and electrolyser production, crucial for India's energy transition goals of achieving 500 GW of installed renewable energy capacity by 2030 and reaching net-zero emissions by 2070. The financial support is expected to result in the annual production of at least 450,000 metric tonnes of green hydrogen and 1,500 MW of electrolysers from the fiscal year 2025-26 onwards, ultimately reducing emissions by 50 million tonnes per year. This loan complements a previous USD 1.5 billion support granted in 2023, which also aimed to advance green initiatives in India. The package includes a significant loan from the International Bank for Reconstruction and Development (IBRD) and a credit from the International Development Association (IDA). Auguste Tano Kouame, the World Bank Country Director for India, highlighted the organization's commitment to supporting India's low-carbon development strategy and its potential to generate clean energy jobs in the private sector. This financial support not only aligns with India's energy security goals but also underlines the global shift towards sustainable energy solutions, reflecting the World Bank's Hydrogen for Development (H4D) partnership.