India's Green Investment Outlook: Opportunities in Renewable Energy and Emerging Technologies
Key Ideas
- Projected total investments of ₹31 lakh crore by 2030 in green technologies to drive opportunities in renewable energy, electric vehicles, green hydrogen, and CCUS.
- Expected increase in funding for established technologies like renewables and EVs, while funding challenges exist for emerging areas like green hydrogen and CCUS.
- Government intervention and collaboration with multilateral banks needed to support funding for emerging technologies and attract climate funds.
- Primary focus on solar and wind generation, storage, EV manufacturing, and advanced battery technologies within the renewable energy value chain.
Rahul Prithiani, Senior Director and Global Head of Energy and Sustainability at CRISIL Intelligence, forecasts a substantial investment of ₹31 lakh crore in green technologies by 2030 in India. This investment surge will create significant opportunities in the renewable energy sector, electric vehicles (EVs), and emerging technologies such as green hydrogen and carbon capture, utilization, and storage (CCUS). The transition towards decarbonization is crucial due to India's high emissions ranking globally and the pressure to act. While funding for established technologies like renewables and EVs seems feasible through debt and equity channels, emerging sectors like green hydrogen and CCUS may face funding challenges, requiring government support and collaboration with financial institutions. The renewable energy value chain is expected to witness major investments in solar and wind generation, storage technologies, EV manufacturing, and advanced battery solutions. Overall, the outlook is positive for green investments, with a focus on leveraging opportunities in renewable energy and cutting-edge technologies to drive sustainability and growth.
Topics
Projects
Renewable Energy
Infrastructure
Investment
Decarbonisation
Government Initiatives
Green Technologies
Urbanization
Funding Challenges
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