Solar is India’s future: BNEF Report

Solar is India’s future: BNEF Report

China and India are staring at a USD 4 trillion opportunity to cater the energy market, accounting for 28% and 15% of the total investment in power generation by 2040, said a Bloomberg New Energy Finance (BNEF) report.

The report claims that from 2030 solar energy will begin to subdue coal in Indian markets at a high pace, doubling from the solar energy generation rates in 2020.

However, India is likely to add 40 gigawatts (Gw) coal-driven power to its bag in the coming five years, despite a slumped growth rate of the sector. Read more

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