India seeks $385 billion to meet its renewable energy targets
India needs to invest up to $385 billion to reach its target of 500 GW of renewable energy by 2030, according to Moody’s Ratings. However, coal will remain a key source of electricity generation for the next decade.
| Countries | Inde |
|---|---|
| Companies | Adani Group |
| Sector | Énergie Solaire, Gaz, Photovoltaïque, Biogaz |
| Theme | Investissements & Transactions, Développement de projets, Financement |
India, a major emitter of greenhouse gases, aims to increase its renewable energy capacity to 500 GW by 2030. Despite a missed target of 175 GW in 2022, the country plans to add 50 GW of non-fossil-fired capacity every year. According to Moody’s Ratings, India will need to invest between $190 and $215 billion in generation capacity and between $150 and $170 billion in power transmission and distribution over the next six to seven years.
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