Image: Shutterstock/ ELN India will need around $500 billion (£360bn) in additional investment to reach the target of 450GW of renewable capacity by 2030. A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) estimates approximately $300 billion (£216bn) is necessary for wind and solar infrastructure. The analysis also highlights the country’s goal necessitates nearly $50 billion (£36bn) on grid investments such as gas peakers, hydro and batteries, and $150 billion (£108bn) on expanding and modernising transmission and distribution. A few days ago, the International Energy Agency’s India Energy Outlook 2021 estimated India will need $1.4 trillion (£1tn) in additional funding for low emissions technologies in order to be on a sustainable path over the next 20 years.