Renewables offer $350 billion investment opportunity by 2030, says Aspire Circle India

Share

A new report by Aspire Circle India estimates that India’s renewable energy market and clean-tech sector offer an investment opportunity of around $350 billion by 2030. The sector could generate revenues of $212 billion throughout this period, it claimed.

The report lists green bonds, consumer-centric clean tech, electric mobility, utility-scale solar, microgrids, energy as a service, peer-to-peer (P2P) energy trading, green hydrogen, green gas grid, and carbon recycling as the top 10 areas for investment in renewables and clean technology. These top 10 emerging areas collectively offer a $266 billion investment opportunity by 2030, according to Aspire Circle India.

It said these areas could generate revenues of $146 billion through to 2030. It also estimated the investment potential for electric mobility at $90 billion, consumer-centric clean tech at $61 billion, green bonds at $37 billion, utility-scale solar at $31 billion, green hydrogen at $15 billion, and microgrids at $12 billion.

Aspire Circle India said investment in the renewables space and clean-tech sector will affect 919 million people in India and create 3.4 million jobs by 2030.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Will Indian solar manufacturers go back-contact to the future?
08 October 2024 Indian PV manufacturers are looking beyond tunnel oxide passivated contact (TOPCon) solar. Back-contact (BC) devices are an enticing prospect but many...