New Delhi, April 7 -- India's ambition to achieve 500 GW of renewable energy capacity by 2030 and 60 per cent non-fossil fuel share by 2035 will depend not just on policy and technology, but critically on the structure of debt financing, according to a report by Institute for Energy Economics and Financial Analysis (IEEFA).

The 'Financing the Energy Transition: A Credit Perspective on India's Power Sector' report highlights that India's credit markets are already distinguishing between renewable and thermal power assets, with growing implications for corporate balance sheets and investment flows.

The report analyses financial indicators for eight key power generators-Adani Green Energy Limited (AGEL), Adani Power, JSW Energy Limited (JS...