India’s green energy sector may get bag full of investments in next 3 years; thanks to these factors

Investments in the renewable energy sector may climb as much as 35 per cent as global investors eye Indian markets with a bag full of investments. Whetted global investor interest and enabling regulations can fuel the addition of as much as 35 GW of renewables capacity, involving Rs 1.5 lakh crore of investments, in the three years through fiscal 2023, showed a CRISIL estimate. The investment may see a 35 per cent growth over the Rs 1.1 lakh crore invested in the past three fiscals, the estimate further showed. On the back of India’s drive towards the usage of clean energy, the project tenders are getting oversubscribed amid strong participation by global investors.