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India’s Renewable Sector Gets an Investment of $70 Billion in the Last 7 Years

Power Minister R.K Singh said that “India holds a liberal foreign investment policy and allows 100 percent FDI through the automatic route in the renewable sector. This bought an investment of $70 bn in the past seven years across the country”. He also added that as of June 16, 2021, India’s installed renewable energy capacity including large hydro, stands at more than 141 gigawatts and is about 37 percent of the country's total capacity. This shows that Renewal energy installed capacity has increased more than two and half times in the past six years. In terms of solar energy capacity, there is an increase of more than 15 percent during the same period and stands at 41.09 GW. These significances will help India achieving an ambitious target of having 175 gigawatts (GW) of renewable energy by 2022. As of now, India's renewable energy capacity is the fourth largest in the world.

Reference: Link 1



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