India may miss key climate goal of 500-GW RE capacity by 2030 due to high capital cost

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NEW DELHI: India may fail to achieve its target of deploying 500 gigawatts (GW) of renewable energy capacity by 2030 if the annual funding does not increase by 20 per cent from the current levels, a new report warns. The report prepared by global energy think tank Ember said project-commissioning delays and uncertainties related to new age “Firm and Dispatchable Renewable Energy” (FDRE) projects could raise the cost of capital by up to 400 basis points.Delays in project commissioning have been caused by land-acquisition issues, grid connectivity…



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India may miss key climate goal of 500-GW RE capacity by 2030 due to high capital cost



NEW DELHI: India may fail to achieve its target of deploying 500 gigawatts (GW) of renewable energy capacity by 2030 if the annual funding does not increase by 20 per cent from the current levels, a new report warns. The report prepared by global energy think tank Ember said project-commissioning delays and uncertainties related to new age “Firm and Dispatchable Renewable Energy” (FDRE) projects could raise the cost of capital by up to 400 basis points.Delays in project commissioning have been caused by land-acquisition issues, grid connectivity…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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