India 'shifting' in favour of renewables? 90% decline in finance to coal power projects

By A Representative
The Centre for Financial Accountability (CFA), a top Delhi-based advocacy group, has said that an analysis of 52 project finance deals comprising loan component across coal-fired power and renewable energy projects (hydroelectric, geothermal, wave, wind and solar power projects), shows that 80 per cent of the project money went to renewables last year.
Pointing out that coal received just 20 per cent of the project finance, the analysis said, of the total lending to coal power projects (Rs 6,081 crore), Rs 3,938 crore came from majority government-owned financial institutions. On the other hand, of the total lending to renewable power projects (Rs 24,442 crore), Rs 18,263 crore came from majority privately-owned commercial banks.

The CFA analysis asserted that this trend is consistent with findings from 2017, adding, the deals were identified via investigation of subscription-based financial databases provided by Bloomberg Professional, IJGlobal, Thomson Reuters and market disclosures. It underlined, there was an astonishing 90 per cent decline in 2018 coal power project finance/lending compared to 2017.

Comments

Neville Cardus: The man who turned cricket writing into poetry

By Harsh Thakor* Neville Cardus was one of the most remarkable literary figures of the twentieth century. A prolific English writer and critic, he achieved distinction in two vastly different fields: cricket and classical music. Entirely self-taught, Cardus rose from humble beginnings to become both the cricket correspondent and chief music critic of The Manchester Guardian . His achievements in these contrasting disciplines earned him widespread acclaim and established him as one of the foremost critics of his generation. In February 2025, the cricketing and literary world marked the fiftieth anniversary of his death, which occurred in February 1975.

Ideological shifts and structural realities within India's left-wing insurgency

By Harsh Thakor* The Maoist insurgency in India is arguably at its weakest point since the formation of the Communist Party of India (Maoist) in 2004. Years of sustained counterinsurgency operations, leadership losses, shrinking territorial influence, declining recruitment, and growing technological advantages enjoyed by the state have significantly eroded the movement's operational capabilities.

The Dalit body on screen: Stereotypes, sacrifice, and subjugation in Hindi films

By Dr. Prem Singh* Despite centuries of reformist efforts, from Gandhi and Ambedkar to contemporary activists, the caste system remains deeply embedded in the Indian psyche. One of the primary reasons for this persistence is the religious sanction provided by Brahminical scriptures, which have shaped not only social structures but also cultural and artistic expressions.

Counterview

Search This Blog