Energy & Science
India’s Green Energy Goals Boosted by Return of Foreign Backers
- Total’s $2.5 billion Adani stake shows shifting sentiment
- Power sector debt, renegotiation had raised uncertainty
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India’s goal of doubling renewable power by next year is getting a boost from international investors who see the massive market’s potential outweighing significant risks.
French oil major Total SA’s $2.5 billion investment in Adani Green Energy Ltd. last week is a sign that global companies increasingly under pressure to invest in environmental assets are eyeing India’s 1.3 billion energy users, despite a mounting debt at generation companies and attempts by some provinces to renege on power purchase contracts.