Over Rs 3 lakh cr needed each year to achieve 440 GW RE capacity by 2030: Icra

India needs an annual investment of over Rs 3 lakh crore to achieve 440 gigawatt of installed renewable energy capacity by 2030, according to ICRA experts. The sector faces challenges like energy storage and grid integration but offers significant growth potential. The EV sector is also expected to attract substantial investments in the coming years.