December 20, 2024 12:18 PM

India’s Renewable Energy Sector Attracts Record Investment in 2023

A new report by the Centre for Financial Accountability reveals that project finance flowing into India's renewable energy sector surged by 63% in 2023, reaching Rs 30,255 crore ($3.66 billion) compared to 2022 figures. The report, titled 'Coal vs RE Investment in 2024', highlights that while project finance lending to renewable energy projects has seen a significant rise, no new coal power projects received project finance lending for the third year running. However, corporate finance lending ...