Renewable energy sector needs $76 bn to meet 104-Gw balance target by 2022

India's renewable energy sector is consistently growing and continues to remain attractive to investors from across the world

The government has set a target of installing 175 Gw of renewable energy capacity by 2022. As of June 2018, 71.33 Gw of renewable energy capacity has been installed in the country. To achieve the balance target of 103.67 Gw, an investment of around $76 billion is required.  

This amount has been estimated at present capital cost, which includes $53.20 billion as debt and $22.80 billion as equity for a debt-equity ratio of 70:30, according to the Central Electricity Regulatory Commission (CERC) norms.

In 2016-17, an aggregate capacity of around 11,322 Mw of renewable energy was installed in the country. In