India Seeks Global Partners For Green Funding
India renewable energy lender IREDA plans to partner with global financial institutions to secure cheaper long-term funding. The country needs massive investments to reach its ambitious capacity goals by 2030.
Insights:
India's state-backed renewable energy lender plans to partner with global financial institutions to secure cheaper green funding for domestic developers, an executive said on Wednesday. The push aims to bridge a financing gap as the country accelerates its transition to non-fossil fuel power capacity. Lower borrowing costs are vital to support the nation's target of reaching 500 gigawatts of clean energy by 2030.
