India's renewable energy sector to attract Rs 30.5 lakh Cr investment by 2030: Economic Survey

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India's renewable energy sector to attract Rs 30.5 lakh Cr investment by 2030: Economic Survey - YourStory

Quick Summary:

The clean energy sector in India saw new investments of Rs 8.5 lakh crore (USD 102.4 billion) between 2014 and 2023, it said, adding that the RE sector received about USD 17.88 billion as FDI from April 2000 until March 2024.

According to the survey, this would create significant economic opportunities across the value chain.

On land acquisition, the Survey pointed towards identification of land with RE potential, its conversion (if needed), clearance from the Land Ceiling Act, decision on land lease rent, clearance from revenue department, and other such clearances.