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Finance Rushing in For Renewable Projects, But Still a Long Way to Go

News

There has been quite a buzz in India's renewable energy industry in the last few weeks. The announcement that stands out is the $20-billion solar plan unveiled by Japan's SoftBank, with partners Bharti and Foxconn. This has strengthened the belief that finding investors and investments to get to the targeted 175-gigawatts of renewable energy capacity by 2022 is not the challenge.

Source:- BS

SNP Insight

In spite of rushing in for finances in the renewable sector, there are lot more major issues like land aquisition, lack of transmission infrastructure and pending clearances which are to be addressed. The major aim of increasing the renewable capacity to 175 GW by 2022 is to achieve a target of "Power To All" by 2019 and create a greener image of India across the globe. Major challenges as discussed above should be rectified, since investments are not a barrier as of now.

Source:- SNP Infra Research