India requires $220 bn for renewable energy expansion by 2030: MNRE secy
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Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓India needs $220 billion in investment by 2030 for renewable energy expansion, said MNRE secretary Santosh Kumar Sarangi.
- ✓The funds will support solar, wind, and green hydrogen projects.
- ✓The government is now working on a roadmap to mobilise these resources, as many financiers and developers gather for upcoming industry discussions.
Story at a Glance
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- MARKET
- Reported By
- Business Standard
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Santosh Kumar Sarangi, secretary, Ministry of New and Renewable Energy (MNRE) | Image: www.seci.co.in
India requires $220 billion in investment by 2030 in the renewable energy sector across various areas, including deployment, manufacturing, transmission and green hydrogen, said Santosh Kumar Sarangi, secretary, Ministry of New and Renewable Energy (MNRE), at a media briefing ahead of the Bharat Renewable Energy Summit 2026. He said the government was working on a roadmap to ensure these resources could be mobilised over the next four to four-and-a-half years.
The $220 billion investment roadmap comprises $70 billion for solar power, $20 billion for energy storage, $25-30 billion for wind, $15-20 billion for manufacturing, $20-25 billion for green hydrogen, $40-45 billion for transmission, $3-5 billion for bioenergy and $12-15 billion for hydropower, MNRE Joint Secretary J V N Subramanyam said.
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