Renewable Energy

The Indian renewable energy is ranked fourth in wind power, fifth in solar power and fifth in renewable power installed capacity as of 2018. India ranked third in EY Renewable Energy Country Attractive Index 2019. Installed renewable power generation capacity has increased at a fast pace over the past few years, posting a CAGR of 19.78 per cent between FY14–18. Power generation from renewable energy sources in India reached 101.84 billion units in FY18 and 126.76 billion units in FY19. The renewable energy will account 55 per cent of the total installed power capacity by 2030. As of October, 31, 2019, the installed renewable energy capacity is 83.37 GW, of which solar and wind comprises 31.7 GW and 37 GW respectively. Biomass and small hydro power constitute 9.80 GW and 4.6 GW, respectively. Off-grid renewable power capacity has also increased. As of October 2019, generation capacities for Waste to Energy, Biomass Gasifiers stood at 139.80 MW and 9,806.31 MW, respectively. According to data released by the Department for Promotion of Industry and Internal Trade (DPIIT), Foreign Direct Investment (FDI) inflows in the Indian non-conventional energy sector between April 2000 and June 2019 stood at US$ 8.06 billion.

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