India's renewable energy journey: Short-term hiccups but long-term trajectory intact
We believe the long-term trajectory for renewable energy in India is still intact, even though recent global events have pushed policymakers to expand the use of domestic thermal energy. IEEFA and CEF forecast that India will add 35-40GW renewable energy capacity annually through to fiscal year (FY) 2029/30, reaching 405GW. We also forecast that thermal power will progressively lose market share and its generation share will fall to just 53.4% in FY2029/30 from 72.3% in FY2021/22. The ambitious capacity addition targets of the Indian government and commitments by both private and state-owned c...
Source: ieefa.org
