Renewable sector in India attracts $10-20 bn of investment: IEEFA

While the pace of renewable energy growth has slowed in India, positive outcomes in recent auctions suggest there remains plenty of appetite among domestic and foreign investors to build renewable infrastructure, a new IEEFA briefing note said on Tuesday.

Policy-related headwinds and a collapse in electricity demand due to the Covid-19 crisis have disrupted India’s renewable energy capacity tendering and commissioning process.

But despite these setbacks, renewables are proving resilient with investment capital available for new projects with favourable risk-return profiles, says author Kashish Shah, Research Analyst at the Institute for Energy Economics and Financial Analysis (IEEFA).

IEEFA’s note looked at the outcomes of seven renewable energy capacity and storage auctions held to-date in 2020.

It found that together they attracted some $10-20 billion of investment commitments, despite the pandemic.

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