Navigating risks to unlock 500 GW of renewables by 2030

This executive summary by Ember outlines the financial requirements and risk factors associated with India's goal of achieving 500 GW of renewable energy capacity by 2030, emphasizing that the cost of capital is a primary determinant of whether this target is met.

• India requires a total capital flow of USD 300 billion by 2032 to meet National Electricity Plan (NEP)-14 targets. While FY 2024 investments in renewable power generation and transmission were estimated at USD 13.3 billion (a 40% year-on-year increase), annual financing must grow by 20% per year to reach USD 68 billion by 2032.
• Project commissioning delays—caused by regulatory hurdles, grid connectivity, and land acquisition—alongside risks from Firm and Dispatchable RE (FDRE) projects, can increase the cost of capital by up to 4% (400 basis points). FDRE risks specifically include battery cost uncertainties, market price fluctuations, and penalties for missing demand targets.
• The cost of capital directly impacts India's ability to reach its 2030 renewable energy target. An increase from the average estimate of 10% to 14% could result in a capacity of approximately 400 GW, missing the 500 GW target by 100 GW. Conversely, reducing the cost of capital from 10% to 8% could enable India to reach 540 GW.

APA

Ember (2025). Navigating risks to unlock 500 GW of renewables by 2030. https://ember-energy.org/latest-insights/navigating-risks-to-unlock-500gw-of-renewables-by-2030

Chicago

Ember. Navigating risks to unlock 500 GW of renewables by 2030. 2025. https://ember-energy.org/latest-insights/navigating-risks-to-unlock-500gw-of-renewables-by-2030.

Wikipedia

{{cite report |author=Ember |title=Navigating risks to unlock 500 GW of renewables by 2030 |date=24 February 2025 |url=https://ember-energy.org/latest-insights/navigating-risks-to-unlock-500gw-of-renewables-by-2030 |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{ember2025navigating, author = {{Ember}}, title = {{Navigating risks to unlock 500 GW of renewables by 2030}}, institution = {Ember}, year = {2025}, month = feb, url = {https://ember-energy.org/latest-insights/navigating-risks-to-unlock-500gw-of-renewables-by-2030}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }