With financing continuing to be a serious impediment in achieving the country’s clean energy goals, the latest analysis reveals that ‘catalytic financing’ can give India’s clean energy sector, especially small-scale projects, a major boost. For instance, the rooftop solar capacity has reached only 1200 megawatt till date as against the Centre’s target of 40,000 megawatt by 2022.
Released by the Indian Renewable Energy Development Agency (IREDA) in association with the Natural Resources Defense Council (NRDC) and the Council on Energy, Environment and Water (CEEW), the report ‘Framework for Catalytic Finance for Underserved Clean Energy Markets in India’ presents solutions based on consultations with over 40 finance experts including commercial banks, private equity, impact investment funds, international climate funds and more. Read more
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