Green goals face capex challenge
India will require $223 billion of investment between 2022 and 2029 in order to meet its goal of wind and solar capacity installations by 2030, according to a report by research company BloombergNEF (BNEF).
In 2020 and 2021, new solar and wind power projects together have secured $17.4 billion of asset financing. But over the next eight years, an average of $27.9 billion is required annually to meet the 2030 targets.
“Scaling up financing to meet 2030 goals requires independent power producers to tap into new or underutilised sources of capital.
