Nearly $100bn is expected flood into India’s renewable energy market in the next six years, as the populous nation attempts to wire-in an annual 10GW of industrial-scale wind and solar, rooftop PV and off-grid renewables, according to the latest regional figures from Bloomberg New Energy Finance (BNEF).
The report authors calculate that for the Indian government to hit its official target of bringing online 175GW of renewables by 2022 – led by 135GW of utility-scale projects – cumulative generation capacity would have to treble between 2016 and 2022, from 39GW in 2015 to 135GW, calling for an capital spend of $14bn year on average
“Reaching $10bn yearly investment [in 2016] was a significant event, and so was the issuance of the first...
