The World Bank has approved a $1.5 billion loan to India to accelerate its low-carbon energy development and promote a market for green hydrogen, electrolysers, and increase the penetration of renewable energy. The financing aims to scale up renewable energy and attract finance for low-carbon energy investments, supporting India's transition to a more sustainable energy mix. The focus is on advancing policies and regulations to stimulate investments in energy transition, particularly in green hydrogen and renewable energy. The goal is to mobilize more financing in the energy sector, especially targeting the private sector. The World Bank's program also emphasizes the integration of renewable energy into the grid, including offshore wind and floating solar, and improving energy efficiency through green buildings. Additionally, the program will incentivize battery energy storage solutions to ensure round-the-clock clean power as part of India's green energy push.