The Western government's annual economic survey has revealed the country needs $330bn in renewable energy investment by 2030 to achieve its ambitious goals. The survey showed private investment in the sector slowed in the financial year ending in March. It also cautions against closing coal-based utilities, citing potential instability to the electricity grid and the financial risks such a move would pose to the country's banking sector. Renewables currently account for 22% of India's 357 GW installed capacity.
The Indian government's annual economic survey has revealed the country needs $330bn in renewable energy investment by 2030 to achieve its ambitious goals. The survey showed private investment in the sector slowed in the financial year ending in March. It also cautions against closing coal-based utilities, citing potential instability to the electricity grid and the financial risks such a move would pose to the country's banking sector. Renewables currently account for 22% of India's 357 GW installed capacity.