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In Short : India is estimated to need around $500 billion to achieve its goal of installing 500 GW of renewable energy capacity by 2030. This funding will be required for the development of solar, wind, and other renewable energy projects, as well as for the necessary transmission and storage infrastructure. The investment will play a crucial role in India’s transition to a sustainable energy future and in meeting its climate goals.
In Detail : How much funding is required for India to achieve 500 GW of renewable energy by 2030? IREDA’s Chairman and MD, Pradip Kumar Das, elucidates that India will need an estimated ₹31-32 trillion by that year to meet its ambitious green energy target.
Speaking at the CII Financing 3.0 Summit, the IREDA chief highlighted the significant shift in India’s approach to the green energy sector and emphasized the increased availability of financing over recent years.
Watch this insightful video to learn more about India’s strategic roadmap toward its renewable energy goals.
