- Moody’s Ratings estimated that India has to invest $385 billion to meet its target of 500 gigawatts (GW) of renewable energy by 2030.
- Coal will remain a key source of electricity generation for the next decade.
- India is a major greenhouse gas emitter and is aiming to reduce its non-fossil fuel capacity by 50 GW each year to meet its 500 GW target.
- India will have to spend $190 billion to $215 billion on capacity over the next six to seven years.
- India’s strong policy support has increased renewable energy share to around 43% of its power capacity in fiscal 2023–24.
- Adani Group is aiming to generate 45 GW of renewable power by 2030.
India have to invest $385 bn in renewable energy to meets its target of 500 GW by 2030
ByCurrent Hunt Team
Jun 11, 2024