Renewable energy financing soars 63% in 2023, solar leads the charge

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However, corporate finance lending to coal power and mining companies totalled $3 billion.

Non-fossil fuel goal: India achieved 188 GW of non-fossil fuel capacity in 2023 but remains off-track to meet its 500 GW target by 2030.

The report, titled ‘Coal vs RE Investment in 2024’ and released on Thursday, revealed a decline in project finance for coal power projects.

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Category: BusinessFinance

Markets: India

Topics: Centre for Financial Accountability report Solar energy news today Coal vs renewable energy Regional lending Gujarat Renewable Energy projects funding Wind energy Renewable energy sector news Renewable energy investments 2023 Hybrid energy projects Renewable energy projects fund raise Solar power projects India Karnataka renewable energy funding India renewable energy target Non-fossil fuel capacity Renewable energy sector capital raise in 2024 Solar energy sector funding Renewable energy financing

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Published On: 2024-12-19 @ 18:58:13 (6 hours ago)

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