India’s renewable energy investment likely to cross $15 billion next year
India’s renewable energy sector is expected to boom with a likely investment of over USD 15 billion in 2022 as the government focuses on electric vehicles, green hydrogen, manufacturing of solar equipment as well as achieving the ambitious 175 GW renewable capacity target.
According to Bloomberg New Energy Finance (BNEF) reports, new investment made in the clean energy sector in the country stood at USD 6.2 billion in 2020, USD 9.3 billion in 2019 and USD 10.8 billion in 2018. These figures were cited by the minister in a written reply in the Rajya Sabha last month.