EXPENSIVE CAPITAL KEEPS RENEWABLE COSTS HIGH IN INDIA: IEA

NEW DELHI: India’s diverse set of targets and financial incentives support growth of renewable energy generation even as expensive capital keeps renewable costs high, Paris-based International Energy Agency said today.

According to IEA, stability of the policy environment and implementation are key for determining the cost and availability of financing for renewables over the medium term.

“India’s diverse set of targets and financial incentives support the growth of hydropower, onshore wind, solar PV and bioenergy…,” the agency’s annual Medium-Term Renewable Energy Market Report said.

The report comes at a time when the government is making efforts to boost

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