A big ray of hope for India’s Renewable Energy Sector
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By 2040, around 49% of the total electricity in India will be generated by renewable energy which will cut the solar energy cost by 66% as compared to the current cost!. Indian renewable energy sector is the 4th most attractive renewable energy market in the world. CAGR: 17.33% between FY16-20
Power generation from renewable energy sources in India reached 127.01 billion units in FY20. The Government has set an ambitious target of achieving 175 gigawatts (GW) of renewable energy capacity by 2022. With a potential capacity of 363 GW, Northern India is expected to become the hub for renewable energy in India
In India, Adani Group aims to become the world’s largest solar power company by 2025 & the biggest renewable energy firm by 2030. India’s renewable energy sector is expected to attract #investment worth US$ 80B in the next 4 years. About 5,000 Compressed Biogas plants will be set up across India by 2023.
Use of renewables in place of coal will save India Rs 54,000 Cr annually! Renewable energy in India will account for 55% of the total installed power capacity by 2030.
Do you think more PE investors from overseas can be the catalyst to India’s renewable energy sector?
