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India eyes $200 bn investment in renewable energy
Eyeing an investment of $200 billion in renewable energy for a cleaner climate, India is up against a mammoth task with just about 5 gigagatts of capacity addition estimated to be taking place in 2015 -- as against a target of quadrupling the existing capacity to 175 GW by 2022.
New Delhi: Eyeing an investment of $200 billion in renewable energy for a cleaner climate, India is up against a mammoth task with just about 5 gigagatts of capacity addition estimated to be taking place in 2015 -- as against a target of quadrupling the existing capacity to 175 GW by 2022.
On positive side, foreign and domestic investors have already committed to put in $20-30 billion to set up renewable energy ventures, while green bonds seem to be catching up with proceedings exceeding Rs 10,000 crore coming in in the first year itself of these ambitious targets.
A further boost is expected in the new year 2016 with the markets regulator Sebi proposing a new regulatory framework to make it easier to issue and list green bonds, while a new concept of 'YieldCo' is also in the works to help garner funds exclusively for green energy ventures.
The proposed new regime may include tax incentives and would be on the lines of REITs (Real Estate Investment Trust) and InViTs (Infrastructure Investment Trust).
