US$ 250 billion in renewable energy by 2030

India has planned to generate US$ 212 billion of revenue by investing in the renewable energy sector by 2030. According to a report titled ‘Investing for Impact: Renewable Energy & Cleantech’ by Aspire Circle, India has emerged as a dominant player in the renewable energy sector in Asia and it is hoping to attract investment of US$ 250 billion to achieve the target of 500 GW by that year. 

India is also trying to achieve its United Nations Sustainable development goals (UNSDGs) by 2030. In spite of having the greatest potential for renewable energy resources, India is the 4th largest global greenhouse gas emitter in the world and the 2nd  largest coal importer. From the past decade, renewable energy has become increasingly prominent for augmentation of grid power, providing energy access and helping India pursue its low carbon development path.