Investments in the clean energy sector may be hampered if policy uncertainty in the renewable energy sector persists, feels Arunabha Ghosh, Chief Executive Officer at the Council on Energy, Environment and Water (CEEW).
“India will require investments of nearly $30-33 billion a year to meet its renewable energy addition targets till 2030, not including additional infrastructure investment. The present investment for renewable energy in the country is only $10-11 billion a year. The gap is because investors want clarity and stability of policy regime before committing to this investment,” Ghosh said.
“Measures such as safeguard duties add to the uncertainty in the domestic renewable energy sector, for investors, developers, and creates little benefit for manufacturers. Domestic manufacturing needs longer term support such as access to cheaper capital, infrastructure support, and policy clarity regarding incentives for the sector.” he added.
