India’s renewables will offer about $220 billion in investment opportunities by 2030, the prime minister has said

India’s massive clean energy investments have acted as a shock absorber, helping the country limit the fallout from supply disruptions linked to the Middle East conflict, Indian Prime Minister Narendra Modi has said.

India’s clean energy capacity reached about 308 gigawatts (GW) by September, or about 55% of its total installed electricity capacity , five years ahead of schedule.

Pointing out that the Indian economy has continued to post robust growth despite the crisis, Modi said, “Had India not made the investments it did in clean energy and building the requisite mechanisms [and infrastructure], the impact of the crisis would have been far more severe than in the rest of the world.”

New Delhi imports the lion’s share of its energy, and the Middle East crisis impacted a number of key sectors, including manufacturing and agriculture.…