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Ember Report: Navigating Risks to Unlock 500 GW RE by 2030

A new report by Ember titled "Navigating Risks to Unlock 500 GW of Renewables by 2030" highlights critical challenges in India's renewable energy sector and emphasizes the need for targeted policy measures to sustain investment flows.

Key Findings:

• India needs Rs30,000 crore in renewable energy investments by 2032 to meet NEP-14 targets.
• Commissioning delays & risks from FDRE (Firm & Dispatchable Renewable Energy) projects could increase the cost of capital by 4%.
• A 4% rise in capital costs could cause India to miss its 2030 RE target by 100 GW.

Addressing Investment & Policy Risks:

• Innovative Contracting Mechanisms to de-risk projects.
• Proactive Expectation Management for investors.
• Mitigating Financing Risks to unlock low-cost capital for RE expansion.

The report underscores that strategic interventions in policy, regulation, and financing are crucial for India to achieve 500 GW of non-fossil capacity by 2030 and maintain investor confidence.