The majority of India’s planned renewable energy infrastructure will be exposed to escalating climate hazards, putting about $55 billion of physical assets at risk of damage by the end of this decade, according to a new study.
Some 239 gigawatts of proposed solar, wind and hydropower capacity across 10 Indian states — about 90% of the total — face high or critical vulnerabilities to compounding weather events like tornadoes, wildfires and extreme floods, Zurich Insurance Group AG said in an assessment published Thursday.
