The National Solar Energy Federation of India (NSEFI) participated in a panel discussion on “Mobilizing Green & Sustainable Finance at Scale for the Clean Energy Transition” organized by the Global Green Growth Institute (GGGI).
Speaking at the session, P. C. Garg, Principal Advisor, NSEFI, underlined the critical role of innovative financing mechanisms in achieving India’s clean energy targets and in creating replicable models for other emerging economies.
Garg emphasized that achieving India’s ambition of 500 GW renewable capacity requires stronger financial instruments. He highlighted blended finance structures to de-risk private capital, the use of green and transition bonds for transmission projects, and Infrastructure Investment Trusts (InvITs) to recycle capital and attract long-term investors.
Beyond capital mobilization, Garg stressed the importance of building investor confidence through policy certainty, enforceable payment security frameworks, and risk-sharing models such as guarantees and credit enhancements. He also called for the adoption of a green financing taxonomy to ensure transparency and improve trust among stakeholders. “NSEFI is working as a bridge between banks, developers, and policymakers to enhance investor confidence in India’s renewable energy sector,” he noted.
The session further examined how India’s financing innovations could be replicated in global markets. Lessons from India’s open access and competitive bidding framework, the success of plug-and-play solar parks, and localized blended finance models were highlighted as strategies that can reduce project risk and strengthen financing ecosystems.
By combining domestic expertise with international collaboration, NSEFI reiterated its commitment to shaping a robust green financing framework that not only supports India’s renewable energy transition but also contributes to the global shift toward sustainable energy.
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