Moody's estimates India needs $385bn by 2030 and $150-170bn for transmission/distribution to reach 500GW renewable energy target.
Moody's Ratings estimates India needs $385bn by 2030 to reach 500GW renewable energy target, while coal remains primary energy source. Despite missing 175GW goal, India aims to boost non-fossil fuel capacity by 50GW annually. Moody's predicts annual capacity addition of 44GW and investment of $190-215bn over 6-7 years for capacity, with another $150-170bn needed for transmission and distribution.
June 06, 2024
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