India Seeks 220B for Clean Energy

India requires 220 billion dollars in clean energy investment over the next three years to reach its 2030 target of 500 gigawatts of non-fossil capacity. Officials will meet investors in New Delhi to discuss funding for solar, wind, and storage.

A general view of solar panels at Gujarat Solar Park also called Charanka Solar Park at Patan district in Gujarat, India September 12, 2024. REUTERS/Amit Dave

India requires $220 billion in clean energy investments over the next three years to meet its 2030 renewable capacity goals. The push aims to expand non-fossil fuel generation to 500 GW from the current 308 GW level. Securing this capital is vital for achieving the nation's broader net-zero emissions target by 2070.