Business EconomyPosted at: Sep 8 2026 7:08PM


India needs global capital mix to bridge USD 150 bn renewable financing gap: Sarangi

Bengaluru, Sep 8 (UNI) India will need a mix of domestic and international capital, including multilateral lenders, pension funds and private equity, to bridge the estimated USD 150 billion financing gap for its next phase of renewable energy expansion, MNRE Secretary Santosh Kumar Sarangi said on Tuesday.
Speaking at an MNRE roadshow in Bengaluru ahead of the Bharat Renewable Energy Summit and Expo, Sarangi said the scale of investment required for India's green-energy transition would require participation from a wide range of global financial institutions and investors.
“It will have to be a mix of all,” he said, responding to a question on whether India could mobilise the USD 150 billion required to finance its next renewable-energy push.
He said multilateral development institutions such as the World Bank, International Finance Corporation (IFC) and Asian Development Bank (ADB), along with Canadian and other pension funds, would have to participate in significant numbers.
“We have seen infusion of private equity capital in RE projects in the past and we expect that to continue in future,” Sarangi said.
He said India's policy certainty and the manufacturing capacity built in the renewable-energy sector should provide investors with confidence to commit more capital to renewable-energy projects.
“I am very hopeful that we will be able to bridge this gap which is there between domestic capital requirement and the international financing requirement for green energy transition,” he said.
Giving an indication of the capital already flowing into the sector, Sarangi said around Rs 18 lakh crore of investment had so far come into renewable energy through banks, financial institutions, foreign direct investment and private equity participation.
“We expect this to grow in future,” he said.
The financing requirement assumes significance as India moves towards its target of 500 GW of non-fossil fuel-based installed power capacity by 2030.
Sarangi, however, said financing should not be viewed as the biggest clean-energy challenge, given the strong interest among international investors, private equity firms and multilateral development institutions in green-energy projects.
“There is a lot of commitment for green financing and cleantech manufacturing and there is a lot of interest among international foreign capital, private equity firms and multilateral development bodies to finance green energy projects,” he said.
He said India offered investors a “very clear and certain pathway” for its green-energy transition.
While generation capacity was not a major constraint, Sarangi said integrating rapidly expanding renewable capacity into the power grid would be a key challenge.
“Generation capacity of course is not a constraint because today the generation capacity can be installed within 18 months to 24 months,” he said.
The bigger challenge would be addressing the intermittency and variability of renewable power, besides ensuring that transmission infrastructure keeps pace with generation additions.
He pointed out that renewable-energy projects could be installed in 18 to 24 months, whereas transmission infrastructure could take three to five years to come up.
“Addressing transmission challenges, grid integration challenges, using more of AI and digital technology for integration purpose, these will continue to remain the challenges,” Sarangi said.
Sarangi said battery energy storage would become increasingly important as India adds large volumes of solar and wind capacity.
Referring to the proposed 10 per cent battery-storage requirement for new solar and wind projects under draft regulations brought out by the Central Electricity Authority, he said storage would help address renewable-energy variability.
“Solar power can give you power only during the daytime and not during the nighttime. So, a battery energy storage addresses that variability and is able to provide power during your peak demand period,” he said.
According to CEA projections cited by Sarangi, India would require about 239 GWh of battery energy storage by 2031.
The remarks were made at an MNRE roadshow in Bengaluru ahead of the Bharat Renewable Energy Summit and Expo, scheduled from November 2 to 5 at Bharat Mandapam, New Delhi.
The summit is expected to deliberate on major challenges facing the renewable-energy sector and possible solutions, including grid integration, greater deployment of battery energy storage systems, and the use of AI and digital technologies for predictive analysis and grid management.
UNI BDN
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