Need $30 bn yearly investment in renewables, strong regulation: Report
India ideally needs $30 billion investment per year in the renewable sector, backed by a strong regulation to preserve contract sanctity, according to a research organisation.
“Today, we are averaging about $11 billion a year in renewable investments, we ideally should be getting $30 billion per year in India,” Arunabha Ghosh, chief executive officer of Council on Energy, Environment and Water, said.
He was speaking at Singapore International Energy Week where a series on energy conferences were concluded over the weekend. It was held between October 29 and November 1.
