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Green Energy Finance in India: Challenges and Solutions

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  • Gopal K. Sarangi

Abstract

The paper presents a granular understanding of the associated challenges of mobilizing such finances, drawing from the Indian perspective. It contributes to the present understanding by identifying the emerging pathways of financing renewables and the inherent challenges. The findings are quite revealing. Financing of renewable energy in India continues to face multiple conundrums, largely entrenched with the nature of current financial market in India in general, such as short tenure of loans, high capital costs, and lack of adequate debt financing etc., as well as with the sector specific issues of the renewable energy sector. The success of introducing innovative financing mechanisms and instruments requires necessary conditions to prevail.

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  • Gopal K. Sarangi, 2018. "Green Energy Finance in India: Challenges and Solutions," Working Papers id:12897, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:12897
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    References listed on IDEAS

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    1. Naoyuki Yoshino & Farhad Taghizadeh-Hesary, 2015. "Analysis of Credit Ratings for Small and Medium-Sized Enterprises: Evidence from Asia," Asian Development Review, MIT Press, vol. 32(2), pages 18-37, September.
    2. Umamaheswaran, Swarnalakshmi & Rajiv, Seth, 2015. "Financing large scale wind and solar projects—A review of emerging experiences in the Indian context," Renewable and Sustainable Energy Reviews, Elsevier, vol. 48(C), pages 166-177.
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    1. Shashank Bansal & Satya Prakash Mani & Himanshu Gupta & Shipra Maurya, 2023. "Sustainable development of the green bond markets in India: Challenges and strategies," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(1), pages 237-252, February.
    2. Münch, Florian Anselm & Marian, Adela, 2022. "The design of technical requirements in public solar auctions: Evidence from India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 154(C).
    3. Burke, Paul J. & Widnyana, Jinnie & Anjum, Zeba & Aisbett, Emma & Resosudarmo, Budy & Baldwin, Kenneth G.H., 2019. "Overcoming barriers to solar and wind energy adoption in two Asian giants: India and Indonesia," Energy Policy, Elsevier, vol. 132(C), pages 1216-1228.
    4. Gopal Gopakumar & Ritika Jaiswal & Mayank Parashar, 2022. "Analysis of the Existence of Environmental Kuznets Curve: Evidence from India," International Journal of Energy Economics and Policy, Econjournals, vol. 12(1), pages 177-187.
    5. Nihal Ahmed & Franklin Ore Areche & Adnan Ahmed Sheikh & Amine Lahiani, 2022. "Green Finance and Green Energy Nexus in ASEAN Countries: A Bootstrap Panel Causality Test," Energies, MDPI, vol. 15(14), pages 1-13, July.
    6. Muhammad Qayyum & Minhaj Ali & Mir Muhammad Nizamani & Shijie Li & Yuyuan Yu & Atif Jahanger, 2021. "Nexus between Financial Development, Renewable Energy Consumption, Technological Innovations and CO 2 Emissions: The Case of India," Energies, MDPI, vol. 14(15), pages 1-19, July.

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