New Delhi, Jan. 29 -- Public sector banks (PSB) are likely to finance about Rs.10 trillion to renewable energy projects in the country by 2030 to help India achieve its energy transition goals.

Speaking at the India Energy Transition Summit (IETS) organized by FICCI, M. Nagaraju, secretary to the department of financial services, also highlighted issues such as delayed payments which impact the growth of the green energy space.

"The requirement is Rs.33 trillion by 2030, but only from the public sector banks, we will be able to meet about Rs.10 trillion by 2030 and the remaining Rs.23 trillion has to come from other sources. That's what the country needs to look at," Nagaraju said.

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