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Investment needed for India to achieve RE target of SDG


According to a recent Standard Chartered report, India would require US$ 1.55 trillion to achieve its RE targets given in sustainable development goals and intended nationally determined contributions. This target is aligned with India’s target to achieve 175 GW installed capacity by 2022 and also to enhance energy efficiency in power intensive sectors to reduce its carbon footprint. But looking at current scenario, CRISIL reported that India is going to miss renewable capacity installation target by 40%. The SDG 2030 will ensure that electricity is reached to each and every household in India and thus improving standard of living of citizens. Currently according to CEA 92% households are electrified but still majority of electricity is generated via conventional sources of energy. With growing population resulting in increased energy demand, private sector investment potential of USD 701.5 billion is estimated in clean energy development.


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