India’s RE Sector Witness Steep Incline In FDI

India’s RE Sector Witness Steep Incline In FDI

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India is making significant strides in its transition to renewable energy (RE), with increasing investments and collaborations aimed at scaling up capacity. With aim to achieve 500 GW renewable energy by 2030 by FY25 nations already achieved 220 GW of renewable capacity.

However, the initial investment in renewable energy infrastructure remains high, and while options like solar and wind power become more affordable in the long term, they still require significant initial investment.

The rising influx of Foreign Direct Investment (FDI) creating pivotal opportunity in the nation’s clean energy transition with inflows reaching $3.4 billion during the first three quarters of FY25-nearly matching the total FDI of $3.7 billion recorded for the entire FY24. This marks an 332% rise in FDI since FY21.

After FY21, FDI in the RE sector surged to over $12 billion by FY25. Over the past five years, its share of total FDI increased from 1.3% to 8.4%.

Source URL: https://mymetalogic.com/top-stories/india-s-re-sector-witness-steep-incline-in-fdi-681da9d02933ce60168a2871

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