India to attract investments worth $80 bn in renewable energy: Report

Competition in green energy domain has heated up especially in solar power segment

India's renewable energy space is turning out to be an attractive domain for foreign investors. In total, this sector has drawn $6.84 billion FDI from April 2000 to June 2018.

More than $42 billion has been invested in the country's renewable energy sector since 2014, said a report by Indian Brand Equity Foundation (IBEF), after interpreting figures from the Ministry of New & Renewable Energy (MNRE) and Central Electricity Authority (CEA). Over the next four years, the renewable energy sector is projected to attract investments pegged at $80 billion.

Competition in green energy domain has heated up especially in the