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Another important move that at first seemed slow but now is irreversible is electrification of transportation. This seems to be the most promising sector as transportation systems around the country look set to go electric, including local transportation in big cities. The Indian railways, too, is expected to go fully electric by 2024 with completion of electric lines by 2023, according to the ministry of railways. As this electrification spreads to consumer transportation, the demand for green energy will be higher than ever.
However, the solar industry has run into regulatory headwinds. By early 2020, there were cancellations of several auctions by the government. Then COVID-19 struck. Investors who were already facing tough markets and shutdowns from the solar supply chains in China pulled out. On August 21, the Central Energy Authority (CEA) published a report on “Under Construction Renewable Energy Projects” which listed 90 renewable projects amounting to 39.4 GW that ....

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