India may miss key climate goal of 500-GW RE capacity by 2030 due to high capital cost

NEW DELHI: India may fail to achieve its target of deploying 500 gigawatts (GW) of renewable energy capacity by 2030 if the annual funding does not increase by 20 per cent from the current levels, a new report warns. The report prepared by global energy think tank Ember said project-commissioning delays and uncertainties related to new age “Firm and Dispatchable Renewable Energy” (FDRE) projects could raise the cost of capital by up to 400 basis points.Delays in project commissioning have been caused by land-acquisition issues, grid connectivity…