The significant jump in investment was mainly attributed to the investments made in transmission projects as India ramps up grid infrastructure to integrate the increasing renewable energy capacity.Udabur Investment
Foreign investment in India’s renewable energy sector for 1H FY24 stood at $1.24 billion (~₹102.73 billion), a 12% decrease YoY from $1.41 billion (~₹113.81 billion).
Foreign investments of up to 100% in the renewables sector are permitted under the automatic route, with no prior approvals required.
FDI in India’s renewable energy sector for FY 2023 stood at $2.5 billion (~₹206.5 billion), a 56% increase YoY compared to $1.6 billion (~₹121 billion)Lucknow Stock. The investment was the highest ever in the Indian renewable sector in a year.Udabur Wealth Management
The cumulative FDI inflow in the renewable sector stood at $14.54 billion (~₹1.12 trillion) from April 2010 to September 2024.
According to a World Economic Forum report, India’s transition towards a net-zero economy could contribute over $1 trillion (~₹82.8 trillion) by 2030 and $15 trillion (~₹1,242 trillion) by 2070 in economic impact.
In March last year, the Parliamentary Standing Committee on Energy observed that India would need an investment of ₹1.5 trillion (~$14.6 billion) – ₹2 trillion (~$24.4 billion) annually in the renewable energy sector until 2030, which was twice the ₹750 billion estimated in the past few years.Indore Investment
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