India's Renewable Energy Sector Draws USD 6.1 Billion in FDI Equity Investment
Under the prevailing Foreign Direct Investment policy of the Government of India, the renewable energy sector allows up to 100 percent FDI under the automatic route.
December 20, 2023. By Abha Rustagi
This revelation, shared in a written reply to a question in Rajya Sabha on December 19, 2023, signifies the increasing global confidence in India's commitment to sustainable and clean energy.
Under the prevailing Foreign Direct Investment policy of the Government of India, the renewable energy sector allows up to 100 percent FDI under the automatic route, establishing an investor-friendly environment.
To enhance foreign investments, the government has implemented several measures, including the establishment of a Project Development Cell to attract and facilitate investments, the declaration of a trajectory for Renewable Purchase Obligation (RPO) until 2029-30, and the creation of Ultra Mega Renewable Energy Parks to support large-scale RE projects.
Other initiatives involve expanding transmission lines and sub-station capacity under the Green Energy Corridor Scheme and launching schemes like Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) and Solar Rooftop Phase-II.
Furthermore, the government has introduced the National Green Hydrogen Mission with the aim of positioning India as a global hub for green hydrogen production, utilization, and export. The implementation of the Green Term Ahead Market (GTAM) facilitates the sale of Renewable Energy Power through exchanges.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative FDI equity investment in the renewable energy sector has reached an impressive USD 6,137.39 million over the last three financial years and the current financial year, up to September 2023.
please contact: firstname.lastname@example.org.
September 24, 2024
2024 Solar PV & Energy Storage World Expo
August 08, 2024
SNEC 17th (2024) International Photovoltaic Power Generation and Smart Energy Conference & Exhibition
June 04, 2024
Net Zero Tech
June 05, 2024
April 26, 2024
CEO & CTO
Fuji Electric India launched PV1500 series central inverters for large-scale solar plants
Vice President and Country Managing Director-India
First Solar has created approximately 1000 high-skilled jobs at our India facility
Prasanna Kumar Motupalli
Chairman & MD
NLCIL is targeting to increase to about 6 GW Renewable Energy Capacity by 2030
Chairman and MD
EKI has been at the forefront of driving awareness of green hydrogen and green ammonia