Representative photo: Asia Chang/Unsplash. Global investors are ready to deploy hundreds of billions of dollars in the Indian decarbonisation story, helping mobilise the $500 billion needed over the next decade if India wants to achieve its 2030 target and install 450 GW of renewable capacity. But experts warn that a ‘penny wise, pound foolish’ approach of some states could derail these efforts for years to come. Analysts at the Institute for Energy Economics and Financial Analysis (IEEFA) have tracked the investments of a number of energy giants from across the world looking at India to diversify their green portfolio. In a report out this week, they map out the contribution of investors like the Swedish EQT and Singaporean Temasek, which through the newly established O2 Power, bagged contracts for 780-MW in Rajasthan and 200 MW in Gujarat. The list also includes the French giant Total which sealed a deal for 20% of India’s Adani Green earlier this year, Canada Pension Plan Investment Board and many more.