How new funding avenues, M&As are powering India’s renewable energy sector

How new funding avenues, M&As are powering India’s renewable energy sector

Over the last few years, India has significantly transformed its energy policy, with renewable energy emerging as the dominant source of capacity addition. This is triggered by two key factors. First, the government’s strong thrust on the area it aims to build 175 gigawatt of generation capacity by 2022, and achieve 40% cumulative power capacity from non-fossil fuel-based energy resources by 2030. Figures from the ministry of new and renewable energy show that over the last 24 months, nearly 21 gigawatt of renewable energy has been added, cumulating to a total installed renewable energy capacity of around 57 gigawatt as of March 2017. Furthermore, Yes Securities’ estimates indicate there is a strong pipeline to achieve another 21 gigawatt (15 gigawatt solar, 5 gigawatt wind, 1 gigawatt others) in installed renewable energy capacity by 2019. Read More…

 

Credit By : Vccircle

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