Bloomberg new energy finance india solar

Which energy sector in India has the largest share of final energy?

Electricity provides the largest share of final energy to the buildings sector in India, growing from 20% in 2021 to 30% by 2030, and then 72% by 2050. Bioenergy declines from 56% of final energy in 2021 to less than a quarter in 2050. Source: BloombergNEF. Note: NZS – Net Zero Scenario. Section 8.

How much capital does India need for wind & solar?

Wind and solar put together need $188 billion of capital. To put this in context, new-build asset finance for the two technologies totaled $77 billion from 2010 to 2019. So, India will need to mobilize different sources of capital to finance the power sector’s expansion till 2030. Source: BloombergNEF.

How much investment is there in India's energy system?

Investment: Total investment in India’s energy system is nearly $7.6 trillion between 2022 and 2050 in the ETS, representing $262 billion each year on average. The rising uptake of EVs in this period represents a significant investment opportunity, amounting to $1.9 trillion.

Why is India doubling its wind and solar capacity?

India’s wind and solar installed capacity quadrupled in a decade, to reach 82GW by 2019. The two main reasons for the sharp jump in capacity have been falling technology costs and proactive government policies to achieve the target of 175GW renewables by 2022. Source: BloombergNEF, Ministry of New and Renewable Energy.

Do we need a capital subsidy for solar projects in India?

Capital subsidy are still be needed for segments that are relatively less developed, for example residential rooftop solar and small scale solar in agriculture. India’s large and regular wind and solar auctions are tied to the introduction of the target to reach 175GW of renewables by 2022, excluding large hydro.

Why is India's electricity industry a draw for investors?

India’s rapidly growing electricity demand has been a draw for investors, but transmission bottlenecks, land acquisition delays and a chronically mismanaged distribution system have weighed on the industry’s growth.