State of the Indian Renewable Energy Sector: Drivers, Risks, and Opportunities

Undertaken By: Multiple,    Recent Publication: 2019

India has emerged as one of the champions of the global energy transition. At the end of 2017, India represented the world’s fourth largest wind installed capacity and the sixth largest solar installed capacity.1 Investment flow into the renewable energy (RE) sector in India is the second highest among developing countries.India’s RE ambitions are lofty – it targets 175 GW of RE installed capacity by 2022, including 100 GW of solar energy and 60 GW of wind energy. In its Nationally Determined Contributions (NDC) under the Paris Agreement, India has committed to achieving a 40 per cent share of non-fossil-fuel-based sources in its installed capacity by 2030.