India wants $330bn to lift renewable energy capacity to 40% of total by 2030
India, one of the world’s largest coal producers and greenhouse gas emitters, estimates coal to be its energy mainstay for the next 30 years
New Delhi — India said on Thursday it needed $330bn in investments over the next decade to power its renewable energy dream, but coal would remain central to its electricity generation.
The energy-guzzling country wants to raise its renewable energy capacity to 500GW, or 40% of total capacity, by 2030. Renewables currently account for 22% of India’s total installed capacity of about 357GW.