New Delhi, Feb. 28 -- A recent report by UK-based energy think tank Ember reveals that India requires USD 300 billion in renewable energy investment by 2032 to meet its ambitious clean energy targets.

Annual financing must grow to USD 68 billion, representing a 20 per cent yearly increase from current levels.

The analysis warns that rising financial risks could significantly impact these goals. A 400 basis point increase in financing costs could leave India up to 100 GW short of its 500 GW renewable energy target for 2030 and drive up electricity costs for consumers.

"Understanding project-specific financing risks for RE projects is key to designing targeted mitigation measures that keep the cost of capital low," said Neshwin Rodrigues...