India’s cumulative grid interactive or grid tied renewable energy capacity (excluding large hydro) has reached 29.9 GW‚ of which 68.9% comes from wind‚ while Solar PV contributed nearly 4.59% of the renewable energy installed capacity in India.
However‚ most of the renewables projects were financially challenging. With the changed dynamics – increased innovation in renewables‚ falling PV prices‚ etc. – renewables are again becoming a serious contender for energy requirements.
During his recent visit to India‚ President Obama and Prime Minister agreed, that India and the United states will work together to support India’s ambitious climate and energey goals by focusing on air quality and increasing the share of renewables in the energy basket.
With these developments‚ there is likely to be a major thrust in the renewables sector in India.
Join us at the Aurum CXO Dialogues webinar to discuss why ‘renewables are back in vogue in India’.