India, Oct. 29 -- Solar and wind investment in emerging markets could reach $356 billion by 2040, according to Zero Carbon Analytics.

Renewable energy could account for 42% of electricity generation in emerging and developing economies by 2030.

Financing costs for large solar projects were up to twice as high as in advanced economies, threatening investment.

India's renewable energy expansion offers lessons in policy support, infrastructure and payment reforms.

African markets face additional challenges from unreliable electricity demand and high perceived investment risks.

Investment in solar and wind projects across emerging markets could reach $356 billion by 2040 if current trends continue, but high borrowing costs and investment...