Summary
India’s renewable energy generation capacity addition in FY23 is estimated at 16 gigawatt (GW), according to ratings agency Icra.
“Growth prospects robust with India’s commitment to reducing emissions and meeting 50% energy requirement from renewable sources by 2030," Icra said in a statement on Monday, adding that, “Investment requirement remains large at $450 billion - $500 billion to achieve the RE capacity targets by 2030."
This green push is expected to help India meet climate commitments it made at the COP-26 summit in Glasgow. At the November summit, Prime Minister Narendra Modi pledged to increase the country’s non-fossil fue......