India’s renewable sector must boost investments and access foreign financing if the world’s most populous country is to meet its target to more than double non-fossil fuel sources of power by the end of the decade, experts, officials and industry figures have warned.
India, which is the world’s third-largest emitter of greenhouse gases, according to the International Energy Agency, received total green energy investment of just over $13bn last year.
That falls far short of the $68bn needed annually to achieve New Delhi’s goal of producing 500 gigawatts of power from renewable sources by 2030, according to a report released this week by energy think-tank Ember.
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