INDIA SECURES $386 BILLION FUNDING FOR RENEWABLE ENERGY EXPANSION BY 2030

Union renewable energy minister Pralhad Joshi on Monday said that India has successfully secured $386 billion from banks and financial institutions to enhance its renewables capacity by 2030.

"We received overwhelming commitments from states and Union Territories as well as from the developers, manufacturers and financial institutes to support our goal of 500 GW by 2030", Joshi said while addressing the annual Renewable Energy Investor's Meet and Expo in Gujarat.

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