India’s renewable power boom lures global investment

Fuelling India’s lofty ambitions, global investors such as Goldman Sachs and GIC are pouring billions into India’s renewable energy startups. What is driving this boom?

India’s renewable power boom lures global investment

When the current Indian prime minister, Narendra Modi, came to power in 2014 he pledged that India would achieve a total of 175 gigawatts GW of renewable energy by 2022.

With 110 GW installed on under construction today, from just 35 GW in 2014, they are well on their way to achieving and even exceeding that target, according to data from the Ministry of New and Renewable Energy.

The capital...

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