Resource detail

Moody’s Ratings estimates over $385 billion investment in the country’s power sector in the next six to seven years to meet its target of 500 gigawatt (GW) of renewable energy. The agency sees coal to remain the key source of power generation for the next decade. To meet the renewable energy target, it expects India to add 44 GW of non-fossil capacity each year with an investment of $190 billion to $215 billion. It estimates investment of another $150 to $170 billion for electricity transmission and distribution, and energy storage to cater to the incremental renewable energy capacity.