Indian Renewable Energy Industry Analysis

The India Brand Equity Foundation (ibef) has reported an analysis of the Indian Renewable Energy in May 2021. It reported that India ranked third in EY Renewable Energy Country Attractive Index. Installed renewable power generation capacity has increased at a fast pace over the past few years, posting a CAGR of 17.33% between FY14-FY20. Power generation from renewable energy sources in India reached 127.01 billion units (BU) in FY20. Renewable energy will account for 55% of the total installed power capacity by 2030.

As of March 2021, installed renewable energy capacity stood at 94.43 GW. The country is targeting about 450 Gigawatt (GW) of installed renewable energy capacity by 2030 – about 280 GW (over 60%) is expected from solar.

From April 2015 to February 2021, India has added 117.9 GW of power generation capacity, including 64.5 GW of conventional source and 53.4 GW from renewable sources. And many figures related to the industry.