India must tap new debt, equity routes to meet 100-Gw solar target: Report

India has 23 Gw of installed capacity in solar power at present

The country needs to tap emerging routes of debt and equity funding to accelerate towards its avowed target of 100 Gw of installed solar capacity by 2022. 

To reach the envisaged solar goal, an estimated $140 billion in additional funding is needed. Securing the financing will need exploring new models as traditional approaches to funding will not suffice.

A report by the US-based Institute for Energy Economics & Financial Analysis (IEEFA) suggests broader use of green funds, development of a green climate fund and tapping new infrastructure development funds to achieve solar power targets.  

"The push for 100 Gw