The report – India’s Electricity Sector Transformation – states that the installation of 175GW of renewable energy is one of a number of “key policy initiatives” that will enable the country’s rapid transformation.

“The profound transformation announced in 2014 by the Indian government is gaining momentum,” said Tim Buckley, Director of Energy Finance Studies at IEEFA.

“While most financial commentators have questioned India’s capacity to deliver, all sign are pointing towards success.”

“India