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NCAER Suggests ₹14K Cr Annual Green Grant for States to Meet RE Target
Business Standard
|August 05, 2025
In a bid to meet the Centre's target of 500 gigawatt (Gw) of installed capacity in renewable energy by 2030, the 16th Finance Commission needs to provide an average yearly green grant of nearly ₹14,000 crore to all states over the next five years, a recent working paper by the National Council of Applied Economic Research (NCAER) shows.
The paper notes that public investment must lead the way in developing the renewable energy sector, as these projects often "face higher investment risks due to high capital costs, emerging technologies, and long payback periods, apart from being hampered by the poor financial health of distribution companies and payment delays".
Among states, the paper notes that nearly ₹4,300 crore needs to be provided to Jharkhand as the yearly green grant, followed by Maharashtra (₹1,700 crore), Chhattisgarh (₹1,600 crore), Madhya Pradesh (₹688 crore), Odisha (₹642 crore), Manipur (₹595 crore), and Arunachal Pradesh and Uttar Pradesh (₹569 crore each).
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