InvestorQ : What could be the impact of India fast tracking its renewable energy plans?
vidhya Laxmi made post

What could be the impact of India fast tracking its renewable energy plans?

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sarah Leo answered.
2 months ago
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To reiterate its seriousness to the Paris Climate Accord, India has set itself a rather ambitious target of doubling its renewable energy capacity by end of 2022. There is no dearth of interested global investors as we saw recently. Total of France picked up a 20% stake in Adani Green Energy for $2.5 billion to diversify its energy portfolio.

To begin with, India will double renewable energy capacity by 2022 and eventually raise the capacity to 450 GW by the end of 2030. The government estimates that this expansion plan will offer investment opportunities to the tune of $20 billion each year over next 10 years to global investors. However, power distribution segment may need some drastic reforming.

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