.. India’s Renewable Energy Generation Capacity Addition Estimated At 16 Gw In Fy23, Says Icra
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11 Jan 2022

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......

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