A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) predicts massive foreign investment into India’s renewable energy infrastructure, attracted by a combination of record low solar power tariffs, falling module costs, record low interest rates, and government-backed 25-year PPAs. According to IEEFA’s analysis, there is a $500 billion investment opportunity through to 2030 – covering 300 GW of new renewable power plants and related infrastructure. We agree with a lot of what IEEFA says, but on this subject we are surprised at the optimism. That figure, equivalent to $50 billion a year, would see India rise from a fifth to a third of neighboring China’s rate of renewables development. In fact, $50 billion a year is far…