Over Rs 3 trn needed each year to reach 440 GW RE capacity by 2030: ICRA

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Over Rs 3 trn needed each year to reach 440 GW RE capacity by 2030: ICRA - Business Standard

Quick Summary:

"We expect India to have 440 gigawatt installed capacity of renewable energy by 2030," Vikram V, Vice President & Co-Group Head - Corporate Ratings, ICRA Ltd said at a media roundtable.

An investment of over Rs 3 lakh crore is needed every year in the renewable energy sector to take India's installed green capacity to 440 gigawatt, Icra experts said on Friday.

The estimated capacity would require incremental investment of at least Rs 3 lakh crore every year over the next five to six years, Girish Kumar Kadam, Group Head Corporate Sector Ratings at ICRA Ltd.