The Indian renewable energy sector is the 4th most attractive renewable energy market in the world. As of October 2018, India ranked 5th in installed renewable energy capacity. According to 2018 Climatescope report India ranked 2nd among the emerging economies to lead to transition to clean energy.
With the increased support of government and improved economics, the sector has become attractive from investors perspective. As India looks to meet its energy demand on its own, which is expected to reach 15,820 TWh by 2040, renewable energy is set to play an important role. Foreign Direct Investment will play a crucial role in bringing in resources such as capital and advanced technology with easy norms and FDI Opportunities in Indian Renewable Energy. The free flow of capital will highly favour this sector and will lead to the exploration of its growth potential.
Up to 100% FDI in renewable energy sector in India and distribution projects subject to the provisions of The Electricity Act, 2003 is allowed under the automatic route
5th largest installed capacity of renewable energy in the world
4th largest installed capacity of wind and 5th largest of solar power in the world
World’s largest solar plant (648 MW), commissioned within a record 8 months, and world’s largest solar park (2 GW) are now in India
As of February 2019, total renewable power installed capacity (excluding large hydro) in the country stood at 75.06 GW
As of October 2018, generation capacities for Waste to Energy, Biomass Gasifiers, and SPV systems stood at 175.28 MWeq, 163.37 MWeq and 767.51 MWeq, respectively
Wind power accounted for the highest at 46% (around 36 GW), followed by solar with a share of 36% (28 GW). The remaining market was captured by biomass at 12% (9 GW) and small hydro projects catering to 6% (5 GW)
With a potential capacity of 363 gigawatts (GW) and with policies focused on the renewable energy sector, Northern India is expected to become the hub for renewable energy in India
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