US $3,217 Million FDI Has Come In Renewable Energy Sector

In Clean Fund, News, Renewable Energy

The FDI data cell of the Department of Industrial Policy and Promotion (DIPP) compiles and maintains the data of Foreign Direct Investment (FDI) Equity inflow received in the country. The FDI equity inflow from April, 2015 to June, 2018 in the Non-Conventional Energy Sector is as under: –

Sl No   Year FDI in US$ million
1 2015-16 Apr-Mar 776.51
2 2016-17 783.57
3 2017-18 1,204.46
4 2018-19 Apr-Jun 452.89
  Grand Total 3,217.43

The Renewable Energy projects are mostly being implemented in the private sector. As on 30-11- 2018, a total capacity of around 73.95 GW has been installed in the country of which 37.84 GW has been added during the last four and half year.

The steps taken by the Government to support the renewable energy sector, inter-alia, include: fiscal and promotional incentives such as capital subsidy, accelerated depreciation, waiver of Inter State Transmission System (ISTS) charges and losses, viability gap funding (VGF) and permitting Foreign Direct Investment up to 100 per cent under the automatic route.

As per Global Status Report-2018 of REN21 (Renewable Energy Policy Network for the 21st Century), India ranked 5th in Renewable Power Capacity (including hydropower) and 4th (not including hydropower) as of end 2017.

This is a PIB News-Feed which has been edited by Clean-Future Team

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