Clean energy must play a central role in achieving India’s green growth goals. The IFC estimates India will need $450 billion to finance its 2030 clean energy targets (IFC 2017). Assuming a typical 70-30 split of financing via debt vs equity, the debt funding requirements translate to $315 billion through 2030.
This feasibility study presents the structure and legal framework of a business design facility (the Facility) for clean energy projects in India. It addresses the urgent need for increasing the flow and affordability of private capital into clean energy markets in emerging economies.
This report analyses the risk perceptions of debt financiers towards solar photovoltaic (PV) and wind projects from 2014 to 2018. It also examines recent developments impacting the pace of capacity addition in India.
Renewable energy is a key solution and the most practical action tool to address climate change. With rapid uptake of renewables, carbon dioxide (CO2) emissions would be about 70% lower than today, analysis by International Renewable Energy (IRENA) shows.
This policy brief examines the risks involved in the ‘change in law’ clause in renewable energy power purchase agreements (PPAs) in India. It recommends either making provisions more nuanced or revising existing provisions in future PPAs to reduce uncertainty and improve their bankability.