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?

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 fuelling this boom is coming from both domestic and foreign investors, with the likes of GIC, Goldman Sachs and the Canadian Pension Plan Investment Board among those that have already taken part in...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222