In a commentary, Dr Rajiv Lall, a Professorial Research Fellow at the SMU Sim Kee Boon Institute for Financial Economics and committee member at the Singapore Green Finance Centre, along with Vaibhav Pratap Singh, Executive Director of the Climate and Sustainability Initiative, highlight that India’s renewable energy goals face obstacles related to financing, grid integration, and storage. As India strives to reach 500GW by 2030, the challenge is moving from ambitious targets to providing reliable, financeable, and grid-connected renewable energy amid an increasingly complex energy landscape. With intricate tenders, changing storage strategies, and significant funding needs, a holistic strategy is essential. Additionally, expanding renewable energy will require addressing concerns over reliance on Chinese equipment.
Outlook Business