In what is being marked as a turning point for India’s green economy, investments in the country’s renewable energy sector doubled over the last five years to around $20 billion in 2018, surpassing the capital expenditure in the thermal power sector, according to a study.
The joint study by Paris-based International Energy Agency (IEA) and Council on Energy, Environment and Water (CEEW) said “reduced risk perception of financiers funding renewable energy projects in India resulted in investments in the sector doubling over the last five years.”
This comes in the backdrop of India’s additional clean energy investment requirement of around $80 billion till 2022, growing more than three-fold to $250 billion during 2023-30 Read More
Latest posts by Livemint (see all)
- Of butterflies, cranes, macaques and India’s hydropower conundrum - August 24, 2019
- France’s Total drops out of HPCL’s second LPG cavern project - August 22, 2019
- State electricity discoms won’t get free power, says RK Singh - August 21, 2019