Clean Energy Finance and Investment Roadmap of India
Opportunities to Unlock Finance and Scale up Capital
India has achieved major progress in its energy sector over the last two decades. Still, investment needs to scale up considerably to meet the government’s ambitions to achieve 500 GW of renewable energy capacity and energy-intensity reductions of 45% by 2030. Targeted application of public funds, alongside international climate and development finance, can crowd in investors and channel private capital to meet India’s clean energy goals. The Clean Energy Finance and Investment Roadmap of India highlights key actions needed to accelerate the development of energy efficiency measures in micro, small and medium enterprises, offshore wind and green hydrogen production. The report provides a comprehensive overview of the initiatives to date and challenges to scale up investments. It also provides a number of tailored recommendations for the Government of India, development partners and the private sector.
Offshore wind
This chapter explores the financing and investment pathway to achieve India’s 2030 targets for offshore wind development. It summarises the key developments in the offshore wind sector to date, noting the results from several national and international initiatives. Furthermore, it highlights the barriers associated with offshore wind development at various stages of the project value chain as well as the policy opportunities to overcome them, acknowledging the expected impact of existing actions and strategies. It also provides an estimation of the investment needs for India’s offshore wind goals, identifying levers to lower project costs and assessing their potential impact. Finally, this chapter sets forth seven recommendations on improving the enabling environment and financial support schemes to help mobilise finance and investments for offshore wind in India.
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