Renewables offer $350 billion investment opportunity by 2030, says Aspire Circle India
A new report by Aspire Circle India estimates the potential of renewable energy and the clean-tech sector according to parameters such as revenue and job creation by 2030, and highlights the top 10 areas for investment.
A new report by Aspire Circle India estimates that India’s renewable energy market and clean-tech sector offer an investment opportunity of around $350 billion by 2030. The sector could generate revenues of $212 billion throughout this period, it claimed.
The report lists green bonds, consumer-centric clean tech, electric mobility, utility-scale solar, microgrids, energy as a service, peer-to-peer (P2P) energy trading, green hydrogen, green gas grid, and carbon recycling as the top 10 areas for investment in renewables and clean technology. These top 10 emerging areas collectively offer a $266 billion investment opportunity by 2030, according to Aspire Circle India.
It said these areas could generate revenues of $146 billion through to 2030. It also estimated the investment potential for electric mobility at $90 billion, consumer-centric clean tech at $61 billion, green bonds at $37 billion, utility-scale solar at $31 billion, green hydrogen at $15 billion, and microgrids at $12 billion.
Aspire Circle India said investment in the renewables space and clean-tech sector will affect 919 million people in India and create 3.4 million jobs by 2030.