S&P: Policies, funding boost India’s green energy shift

India’s ambitious renewable energy initiatives are on track and the country is currently leading the pack in South and Southeast Asia.

- TBG NETWORK

According to a report by S&P Global Ratings, India has made good progress in renewable capacity additions, significantly outpacing coal.As per the S&P Global Ratings report on energy transition in South and Southeast Asia, other countries in the region risk missing their targets and will require economic and scalable renewable power (Indonesia) or stronger grid networks (the Philippines, Vietnam)."A larger scale of execution, bigger hybrid projects, rising storage tenders and robust private sector funding will likely drive these gains," it said.For India’s case, the report asserted that India’s regulatory policy is supportive, technology adoption and grid network are at a developing stage, and the funding environment for such green goals too are supportive."A few countries have tweaked