Author(s)
Sonal Barnawal , Dr. Nethravathi K
- Manuscript ID: 140653
- Volume: 2
- Issue: 6
- Pages: 2827–2842
Subject Area: Management
Abstract
India’s shift to a low-carbon economy has made renewable energy a pillar of the country’s growth, with a goal of 500GW of non-fossil fuel capacity by 2030. To turn this vision into reality, there is a requirement for significant capital investment, and the banking industry is at the forefront of funding renewable projects. This study focuses on the role of banks in funding renewable energy projects in India. This study focuses on how banks are financing renewable projects, lending trends, and the expanding use of green financial instruments. Various banks like public sector banks, private sector banks, development financial organizations have been supporting renewable projects by offering long-term loans, project-based financing, partnership with multilateral financial institutions, as their vision aligns with national energy and climate goals, banking finance. The paper adds to the body of existing research by offering a targeted analysis of banking-led renewable energy project financing in the Indian context. The findings offer insights for regulators and financial institutions looking to improve the effectiveness and resistance of funding renewable energy projects.