India requires $500 billion in climate investment by 2030 across 20 low-carbon technologies in three key sectors, according to a new report jointly launched by the Council on Energy, Environment and Water's Green Finance Centre (CEEW-GFC) and Tata Sons. The report, titled 'Blended Finance for India's Climate Goals', identifies $198 billion required in the power and renewables sector and $115 billion in green hydrogen, with the remainder needed for electric mobility. This represents a significant increase from the previously reported $220 billion investment needed for renewable energy capacity alone, highlighting the comprehensive nature of India's climate transition requirements.
The report reveals that $10 billion in catalytic capital could mobilise $50 billion in blended finance to support India's transition to low-carbon technologies. At the sectoral level, power and renewables require $1.5 billion in catalytic capital through 2030, green hydrogen needs $5.9 billion, and electric mobility needs $2.7 billion. The report notes that unlocking 10 per cent of the total amount through blended finance could help build a track record for the rest of the money to follow without support. Between 2010 and 2022, India recorded $5.6 billion in blended finance transactions, representing 3.4 per cent of the global market, of which only 17 per cent was catalytic capital.
The Union Cabinet has approved a ₹27,370 crore power transmission project in Andhra Pradesh under the Green Energy Corridor (GEC)-III scheme, with the first phase expected by FY30. As reported by Business Standard, this project will add 7,872 circuit kilometres of transmission lines and 9,500 MVA of substation capacity, including five new 400/220 kV substations. The project, proposed by the Transmission Corporation of Andhra Pradesh (APTRANSCO), includes greenfield transmission infrastructure with key pooling stations at Mudigubba and Talupula (each with 5 GW capacity) and Porumamilla (1 GW capacity). The renewable energy zones for evacuation include Roddam-Penukonda, Gorantla, OD Cheruvu-Amadaguru and Kondikonda in Anantapur and Sri Sathya Sai districts, and Rajupalem in Prakasam district.
The Union Cabinet has officially approved the Green Energy Corridor (GEC)-III scheme with a project outlay of ₹1,86,405 crore, as reported by Business Standard. This flagship central infrastructure scheme represents a significant government commitment to strengthening renewable energy transmission within states. The initiative aims to resolve the long-standing mismatch between renewable energy generation capacity and transmission infrastructure needed to deliver power to consumers, allowing private sector participation through competitive bidding. Of the total outlay, around ₹1.36 trillion is for intra-state transmission (InSTS) and ₹50,000 crore for 50 gigawatt-hours (GWh) of battery energy storage systems (BESS).
The scheme includes ₹54,082 crore in central financial assistance (CFA), with ₹45,005 crore (83%) specifically earmarked for developing transmission systems. As reported by Business Standard, the remaining investment will fund the deployment of 135 Gigawatt (GW) of renewable energy capacity and 50 Gigawatt hour of battery energy storage systems (BESS). The Centre is providing financial support of ₹54,082 crore to offset intra-state transmission charges, which will lower transmission costs and support the AP Integrated Clean Energy Policy 2024.
Andhra Pradesh has significant renewable energy potential with a mixed renewable energy potential of 237 GW, according to NITI Aayog. Renewable energy sources currently account for 51 per cent (16 GW) of the state's total installed capacity, with 7.5 GW from solar, 4.4 GW from wind, and 4.07 GW from hydro and biomass as of March 2026. The state's clean energy policy is targeting the installation of 78.5 GW of solar and 35 GW of wind capacity between 2024 and 2029, along with 25 GWh of battery energy storage systems (BESS) and 22 GW of pumped storage hydropower. Additionally, the state is working on green hydrogen production capacity of 1.5 million tonnes per annum (MTPA).
