Connection

popular articles

OPEC+: Production increases despite falling oil prices
ENGIE launches construction of one of Europe’s largest battery farms
Explosion in a gas field in Uzbekistan: Safety and management in question
A 300 MW Solar Project in Texas Backed by Meta and Longroad Energy
hydrogen: the VNG and Total Eren agreement

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.
Objectif énergies renouvelables Inde
  • [favorite_button]

Please share:

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.

Financing and Infrastructure Challenges

Moody’s estimates that the annual addition of 44 GW will make it possible to reach the 500 GW target. However, the size of the projects announced will probably keep the financial debt of renewable energy companies at a high level for the next two to three years, representing a negative credit risk. By contrast, the debt of government-related issuers should remain moderate over the same period.

The Enduring Role of Coal

Despite strong growth in renewable energies, coal will continue to play a significant role in power generation for the next eight to ten years. Moody’s forecasts that India will add between 40 and 50 GW of coal-fired capacity over the next five to six years to meet electricity demand rising by 5% to 6% a year.

Impacts of Government Policies

India’s strong political support has increased the share of renewables to around 43% of its power generation capacity in fiscal 2023-24, attracting private investment. The Adani Group, through Adani Green Energy, aims to generate 45 GW of renewable energy by 2030, becoming the country’s leading integrated renewable energy player. Continued political support will facilitate significant progress towards the transition targets for 2030 and carbon neutrality for 2070. However, India will also have to manage the challenges associated with energy transition, including financing, infrastructure, and managing coal’s persistent share of the energy mix.
The combination of these efforts will enable India to make progress towards its ambitious energy goals, while ensuring stable growth in electricity supply to meet growing demand.

Register free of charge for uninterrupted access.

Publicite

Latest news

CGN Brasil to invest $578mn in multi-energy hub in Piauí
MPs seek to reform France’s hydroelectric concession regime
The European Union strengthens maritime sanctions on Russian oil exports
Enel launches Nuclitalia to invest in small nuclear reactors in Italy
New Pipeline Connecting Permian Basin to Midwest Scheduled for 2028

Recently published in

Denmark considers lifting 40-year nuclear ban

The Danish government is assessing the possibility of authorising new nuclear technologies, marking a major regulatory shift in energy policy after four decades of prohibition.
No cyberattack detected after massive power outage in Spain
The Spanish government confirmed no signs of cyberattack were identified after the 28 April blackout that affected much of the Iberian Peninsula.
en_1140290954540-7
No cyberattack detected after massive power outage in Spain
The Spanish government confirmed no signs of cyberattack were identified after the 28 April blackout that affected much of the Iberian Peninsula.
en_1140290954540-7
South Africa calls for a balanced and affordable energy transition
South African authorities are advocating for an approach that integrates economic development and environmental protection, highlighting global imbalances in climate responsibility.
en_1140290954540-6
South Africa calls for a balanced and affordable energy transition
South African authorities are advocating for an approach that integrates economic development and environmental protection, highlighting global imbalances in climate responsibility.
en_1140290954540-6
Brussels wants to impose a six-month maximum for energy permits
The European Commission is considering changing environmental laws to accelerate the granting of permits for renewable energy projects across the European Union.
en_1140290953540-7
Brussels wants to impose a six-month maximum for energy permits
The European Commission is considering changing environmental laws to accelerate the granting of permits for renewable energy projects across the European Union.
en_1140290953540-7

Spain investigates blackout that removed 15 GW in five seconds

Spain’s competition authority has launched its own investigation into the April 28 power outage, joining ongoing inquiries into an incident that disrupted 60% of the country's electricity consumption.
Germany considers making producers contribute to electricity grid costs
German regulator BNetzA has launched a consultation on a major grid tariff reform that could require electricity producers to pay access fees, thus altering the current funding structure.
en_1140290950540-6
Germany considers making producers contribute to electricity grid costs
German regulator BNetzA has launched a consultation on a major grid tariff reform that could require electricity producers to pay access fees, thus altering the current funding structure.
en_1140290950540-6
United States signs historic agreement for helium-3 extracted from the Moon
The U.S. Department of Energy will purchase three litres of helium-3 from Interlune by 2029, marking the first public contract involving a natural resource extracted from the lunar surface.
en_1140290945540-3
United States signs historic agreement for helium-3 extracted from the Moon
The U.S. Department of Energy will purchase three litres of helium-3 from Interlune by 2029, marking the first public contract involving a natural resource extracted from the lunar surface.
en_1140290945540-3
Iran caps electricity outages at two hours amid rising summer demand
Iran will limit daily power cuts to two hours for households starting May 10, aiming to ease pressure on the national electricity grid as temperatures climb.
en_1140290944540-3
Iran caps electricity outages at two hours amid rising summer demand
Iran will limit daily power cuts to two hours for households starting May 10, aiming to ease pressure on the national electricity grid as temperatures climb.
en_1140290944540-3

Bernard Fontana appointed to lead EDF and manage major energy projects

The French government has entrusted Bernard Fontana with the leadership of EDF, relying on his industrial background to manage the end of the Arenh and revive the nuclear programme.
Berlin relaunches gas to secure national electricity supply by 2030
Germany’s new Economy Minister, Katherina Reiche, plans 20 gigawatts of gas-fired plants to address the limits of renewable energy.
en_1140290947540-3
Berlin relaunches gas to secure national electricity supply by 2030
Germany’s new Economy Minister, Katherina Reiche, plans 20 gigawatts of gas-fired plants to address the limits of renewable energy.
en_1140290947540-3
Pedro Sánchez delays conclusions after blackout cuts 60% of Spain’s power
The Spanish Prime Minister has asked for more time to determine the causes of an unprecedented outage on April 28 that cut 15 gigawatts of electricity from the peninsula’s grid.
en_1140290953540-3
Pedro Sánchez delays conclusions after blackout cuts 60% of Spain’s power
The Spanish Prime Minister has asked for more time to determine the causes of an unprecedented outage on April 28 that cut 15 gigawatts of electricity from the peninsula’s grid.
en_1140290953540-3
Bayrou promises an open energy roadmap ahead of decree publication
Prime Minister François Bayrou confirmed that France’s 2025–2035 energy roadmap remains under discussion and will only be finalised after parliamentary debates starting on 16 June.
en_1140290946540-2
Bayrou promises an open energy roadmap ahead of decree publication
Prime Minister François Bayrou confirmed that France’s 2025–2035 energy roadmap remains under discussion and will only be finalised after parliamentary debates starting on 16 June.
en_1140290946540-2

Australia’s political stability paves the way for key energy reforms

The re-election of the Albanese government reassures energy stakeholders calling for regulatory adjustments to accelerate projects and secure long-term investment.
Gabon launches $69.5 million plan to triple refining capacity
SOGARA is launching a two-phase modernisation programme to increase the country's energy autonomy by 2030, with financing primarily from external sources.
en_1140290976540-2
Gabon launches $69.5 million plan to triple refining capacity
SOGARA is launching a two-phase modernisation programme to increase the country's energy autonomy by 2030, with financing primarily from external sources.
en_1140290976540-2
Suriname grants $750 bonus to each citizen ahead of oil revenues
Suriname has launched a pre-distribution programme of its future oil revenues, offering a $750 bonus to more than 570,000 citizens well before the start of offshore production scheduled for 2028.
en_1140290982540-2
Suriname grants $750 bonus to each citizen ahead of oil revenues
Suriname has launched a pre-distribution programme of its future oil revenues, offering a $750 bonus to more than 570,000 citizens well before the start of offshore production scheduled for 2028.
en_1140290982540-2
Iberian power outage: Madrid cites a complex incident and urges Paris on interconnections
One week after the massive blackout, Spain and Portugal continue their investigations with no technical conclusion, while Madrid calls on France to accelerate cross-border interconnection projects.
en_1140290977540-2
Iberian power outage: Madrid cites a complex incident and urges Paris on interconnections
One week after the massive blackout, Spain and Portugal continue their investigations with no technical conclusion, while Madrid calls on France to accelerate cross-border interconnection projects.
en_1140290977540-2

Peter Dutton commits $200bn to bypass nuclear ban in Australia

Australia’s opposition leader unveils a seven-reactor plan, challenging current energy policy days before federal elections and reviving a decades-old debate.
French regulator lowers pace of renewable energy development
The French Energy Regulatory Commission proposes reducing certain renewable generation targets due to a slower-than-expected rise in electricity demand.
en_1140290949540-18
French regulator lowers pace of renewable energy development
The French Energy Regulatory Commission proposes reducing certain renewable generation targets due to a slower-than-expected rise in electricity demand.
en_1140290949540-18
Bernard Fontana sets his priorities to reposition EDF in the French energy landscape
Nominated to lead EDF, Bernard Fontana aims to restore dialogue with electro-intensive industries and oversee the nuclear revival while ensuring the group’s financial sustainability.
en_1140290944540-20
Bernard Fontana sets his priorities to reposition EDF in the French energy landscape
Nominated to lead EDF, Bernard Fontana aims to restore dialogue with electro-intensive industries and oversee the nuclear revival while ensuring the group’s financial sustainability.
en_1140290944540-20
Massive power outage in Spain reignites questions over energy mix
Two days after a blackout that disrupted 60% of national demand, the growing share of renewables in Spain’s grid faces strong political and industrial criticism.
en_1140290951540-17
Massive power outage in Spain reignites questions over energy mix
Two days after a blackout that disrupted 60% of national demand, the growing share of renewables in Spain’s grid faces strong political and industrial criticism.
en_1140290951540-17

France: Bayrou delays publication of energy decree amid political pressure

François Bayrou plans to postpone the publication of the French energy decree until the end of the summer after parliamentary review, under pressure from the Rassemblement National and part of the right.
European Investment Bank grants PLN2.25 billion to PGE to support Polish energy
The European Investment Bank signs a loan of over €525mn with PGE to develop solar projects and modernise a power plant in Poland.
en_1140290959540-14
European Investment Bank grants PLN2.25 billion to PGE to support Polish energy
The European Investment Bank signs a loan of over €525mn with PGE to develop solar projects and modernise a power plant in Poland.
en_1140290959540-14
Enarsa Privatization: Argentina Refocuses Energy Strategy on Regulation
Argentina initiates Enarsa's privatization to redefine the state's role toward stronger regulation, paving the way for increased private investment in the national energy sector amid significant industrial and commercial transformation.
en_1140290988540
Enarsa Privatization: Argentina Refocuses Energy Strategy on Regulation
Argentina initiates Enarsa's privatization to redefine the state's role toward stronger regulation, paving the way for increased private investment in the national energy sector amid significant industrial and commercial transformation.
en_1140290988540
Just Stop Oil ends direct actions after three years of mobilisation in London
The British environmental movement Just Stop Oil organised its final march in London on Saturday, announcing the end of its spectacular actions against new oil and gas projects in the United Kingdom.
en_1140290984540-2
Just Stop Oil ends direct actions after three years of mobilisation in London
The British environmental movement Just Stop Oil organised its final march in London on Saturday, announcing the end of its spectacular actions against new oil and gas projects in the United Kingdom.
en_1140290984540-2

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS