100 smart city projects
Provision of rooftop solar and 10% renewable energy mandatory
Snapshot
Creating a sustainable world
In 2017, India was ranked as the second most attractive Renewable energy market in the world.
The country has set an ambitious target of 175 GW of renewable power by 2022, which includes:
- 100 GW of Solar power
- 60 GW from Wind power
- 10 GW from Biomass power
- 5 GW from Small Hydro power
This is the world's largest expansion plan in renewable energy.
Up to 100% FDI is allowed under the automatic route for renewable energy generation and distribution projects subject to provisions of The Electricity Act, 2003.
For further details, please refer FDI Policy
1000 +GW
Renewable energy potential in India
73 GW
Installed renewable energy capacity (as of Oct 2018)
21 %
Share in total installed capacity
171 %
Rise in solar power capacity (2014-16)
5th largest installed capacity of renewable energy in the world
4th largest installed capacity of wind and 5th largest of solar power in the world
World's largest solar plant (648 MW), commissioned within a record 8 months, and world's largest solar park (2 GW) are now in India.
Industry Scenario
Renewable energy sources have a combined installed capacity of 73+ GW, pegged at around 21% of the country's total energy capacity.
Wind power accounted for the highest at 48% (around 35 GW), followed by solar with a share of 33% (24 GW). Remaining market was captured by biomass at 13% (9.5 GW) and small hydro projects catering to 6% (4.5 GW).
Growth Drivers
Government commitments
Reduce the emissions intensity of GDP by 33% - 35% below the 2005 levels and increase share of non-fossil fuel in total capacity to ~40% by 2030Proposed solar cities & parks
60 Solar Cities approved and $ 1.3 Bn allocated for setting up 50 Solar parks of 40GW by 2020New areas of opportunities
National Wind-Solar Hybrid and Off-Shore Wind Energy Policy released
Recent Announcements
Rooftop solar solutions provider ZunRoof has raised $ 1.2 mn from Godrej to fund expansion plans and strengthen product portfolio.
Avaada Energy raised INR 1,000 cr from ADB, Germany's DEG and Dutch FMO to finance its 2.4 GW renewable energy portfolio.
British equity firm Actis' renewable energy platform Sprng Energy has acquired the 194 MW solar portfolio of Shapoorji Pallonji Infrastructure Capital Co
World Bank praises India’s Renewable Energy success
Global infrastructure fund I Squared Capital is creating a new renewable assets platform that will acquire and develop utility-scale projects in India
World's largest solar park launched in Karnataka. The world's largest solar park set up at an investment of $ 2.53 bn at Pavagada in Karnataka's Tumakuru district was launched by Chief Minister Siddaramaiah today.
The world's largest solar park set up at an investment of $ 2.28 bn at Pavagada in Karnataka's Tumakuru district was launched by Chief Minister Siddaramaiah
During the recent Uttar Pradesh Investors summit, Amplus Solar signed a MoU with the state government for the investment of $ 340.1 mn over the next 5 years.
India’s Avaada Power has signed a Memorandum of Understanding with the Government of Uttar Pradesh to invest $ 1.55 bn in the state for developing 1,600 MW Solar Projects. The projects will be developed across Mirzapur, Badun, Gorakhpur and Bundelkhand districts.
ReNew Power inks pact with UP govt. to invest $ 1.2 bn for 1.2 GW of renewable energy capacity, a move which can create 12,000 jobs in the state. ReNew has also entered into a MoU with Maharashtra Govt. to invest a total of $ 2.2 bn on solar, wind and waste-to-energy projects.
India’s largest public sector lender State Bank of India has invested an undisclosed amount from its Neev Fund in Indian solar player SunSource Energy, for developing solar project assets in states with low levels of capital investment.
The joint venture of Think Energy and EverStream Capital plans to invest $ 300 mn in equity capital to either acquire or develop 2,000 MW solar projects in India.
LONGi Green Energy Technology Co. Ltd will be the first Chinese company to set up a solar equipment manufacturing facility in India. LONGi’s facility will be set up in Andhra Pradesh at an investment of around $ 309 mn for manufacturing 1GW of monocrystalline silicon cell and modules each. Solar modules account for nearly 60% of a solar power project’s cost.
Ramky Enviro Engineers Ltd, a party of city-based Ramky Group and Asia’s biggest waste management, is setting up 20 MW waste-to-energy plant in Hyderabad, with an investment of $ 46.3 mn.
Up-gradation and modernization
Up-gradation of watermills and micro hydro projects
Solar pumps
100,000 solar pumps required for agriculture
Green energy corridor
$ 5.8 bn Green Energy Corridor being set up
New solar parks sanctioned
34 Solar Parks of capacity 20,000 MW
Investible Projects
Investment Opportunities in Renewable Energy
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Projects
10
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Opportunity
$137.4 mn
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Promoters
10
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District
10
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Private Projects
3
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Govt. Projects
7
Major Investors
Data on Map
Latest in Renewable Energy
Policy
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Event
Solar India 2019
Report
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Press Release
MoU signed between WAIPA, ISA and Invest Indi…
FAQ
Frequently
Asked Questions
What is the expected Potential of OTEC in India?
OTEC has a potential installed capacity of 180,000 MW in India.
What is OTEC?
Ocean Thermal Energy Conversion (OTEC), uses ocean temperature differences from the surface to depths lower than 1,000 meters, to extract energy. A temperature difference of only 20°C can yield usable energy. Research focuses on two types of OTEC technologies to extract thermal energy and convert it to electric power: closed cycle and open cycle. In the closed cycle method, a working fluid, such as ammonia, is pumped through a heat exchanger and vaporized. This vaporized steam runs a turbine. The cold water found at the depths of the ocean condenses the vapor back to a fluid where it returns to the heat exchanger. In the open cycle system, the warm surface water is pressurized in a vacuum chamber and converted to steam to run the turbine. The steam is then condensed using cold ocean water from lower depths.
What is ocean renewable energy or marine renewable energy?
Ocean renewable energy or marine renewable energy are terms used to describe all forms of renewable energy derived from the sea including wave energy, tidal energy, ocean current energy, salinity gradient energy and ocean thermal gradient energy.
What is the list of solar cities under 'Development of Solar Cities Programme'?
Under the 'Development of Solar Cities Programme', there are in total 60 solar cities identified which can be accessed from the link.
What is a solar city?
The Solar City aims at minimum 10% reduction in projected demand of conventional energy at the end of five years, through a combination of efforts for enhancing supply from renewable energy sources in the city and energy efficiency measures. The basic aim lies in motivating the local Governments for adopting renewable energy technologies and energy efficiency measures. In a Solar City, all types of renewable energy based projects like solar, wind, biomass, small hydro, waste to energy etc. may be installed along with possible energy efficiency measures depending on the need and resource availability in the city.
Stakeholders
Government Ministry/ Department
- Indian Renewable Energy Development Agency
- Indian Solar Manufacturers Association (ISMA)
- Indian Wind Energy Association
- Indian Wind Turbine Manufacturers Association (IWTMA)
- Ministry of New and Renewable Energy (MNRE)
- National Institute of Solar Energy (NISE)
- National Institute of Wind Energy (NIWE)
- Sardar Swaran Singh National Institute of Bio-Energy
- Skill Council for Green Jobs
- Solar Energy Corporation of India (SECI)