India’s green energy investments surpassed thermal power
In what is being marked as a turning point for India’s green economy, investments in the country’s renewable energy sector doubled over the last five years to around $20 billion in 2018, surpassing the capital expenditure in the thermal power sector, according to a study. The joint study by Paris-based International Energy Agency (IEA) and Council on Energy, Environment and Water (CEEW) said “reduced risk perception of financiers funding renewable energy projects in India resulted in investments in the sector doubling over the last five years." This comes in the backdrop of India’s additional clean energy investment requirement of around $80 billion till 2022, growing more than three-fold to $250 billion during 2023-30.
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