India’s Renewable Energy Growth and Investment
India’s renewable energy sector has reached 200 GW, with a target of 500 GW by 2030, driven by a focus on solar power. While India ranks fifth globally in solar capacity additions, it aims to secure second place. The country’s annual target of 50 GW requires US$17-18 billion in investments. With alignment to global sustainability goals and increasing global interest, India is poised for robust growth. However, challenges include high competition and infrastructure needs, requiring innovation and strong investment to achieve its ambitious objectives.
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