Foreign investors increasingly see sunset in thermal power

The waning appeal of coal-based generation projects has brought gains for the renewables

The boom in India's renewable energy sector, particularly solar power, is attracting investors from abroad — at the cost of companies involved in coal or coal-based energy.

The world's largest sovereign wealth fund, the Norwegian state's Government Pension Fund Global (GPFG), valued at a little over $900 billion, continues to divest from companies involved in the production of coal or coal-based energy. In April 2016, the fund announced it was excluding seven Indian companies from its portfolio. That included government-owned Coal India and private power generators Reliance Power and Tata Power beside state giant NTPC.

A report by the Institute for Energy