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

Swaminarayan, untouchability and the 'we are not Hindu' argument

By Rajiv Shah Following my blog on why the Eiffel Tower authorities should take all the blame for giving in to the Swaminarayan sadhus ’ bizarre demand to “invisibilise” women, including its female staff, during their visit to the internationally renowned Paris tourist centre on September 5, an interesting comment by one of the top academics drew my attention to something I vaguely knew about one of India’s most powerful and richest religious sects.

When caste becomes 'normal': Reading the IIT Mandi poster beyond intent

By Dirgha Datar An Indian Institute of Technology is commonly imagined as a symbol of modernity, merit and knowledge. Yet a recent controversy at IIT Mandi has brought an older question into this supposedly modern space: who gets to decide what is considered normal, legitimate and respectable knowledge about caste?

BRICS ends, but Bangladesh's empty chair says more than any declaration

By Nava Thakuria The 18th BRICS Leaders' Summit, hosted by India at Bharat Mandapam in New Delhi on 12-13 September 2026, has concluded with leaders formally adopting the New Delhi Declaration. The gathering, themed "Building for Resilience, Innovation, Cooperation and Sustainability," drew Russian President Vladimir Putin, Chinese President Xi Jinping, Iranian President Masoud Pezeshkian and other leaders of the now 11-member bloc, along with heads of partner organisations such as ASEAN, the African Union and the Eurasian Economic Union. Diplomats had worked through the final hours to bridge differences — notably between Iran and the UAE over West Asian tensions — before the declaration was signed.

Counterview

Search This Blog