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:
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
Renewable energy potential in India
Installed renewable energy capacity (as of March 2019)
Share in total installed capacity
Increase in renewable installed capacity (FY 2013-14 to FY 2018-19)
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.
Wind power accounted for the highest at 46% (around 36 GW), followed by solar with a share of 36% (28 GW). The remaining market was captured by biomass at 12% (9 GW) and small hydro projects catering to 6% (5 GW).
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.
Provision of rooftop solar and 10% renewable energy mandatory
Up-gradation of watermills and micro hydro projects
100,000 solar pumps required for agriculture
$ 5.8 bn Green Energy Corridor being set up
34 Solar Parks of capacity 20,000 MW
India Surging Ahead - 2019
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OTEC has a potential installed capacity of 180,000 MW in India.
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.
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.
Under the 'Development of Solar Cities Programme', there are in total 60 solar cities identified which can be accessed from the link.
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.
By: Invest India
By: Invest India
By: Invest India
By: Invest India
By: Invest India
By: Invest India
By: Sanchi Padia
By: Aditya Kumar
By: Preet Deep Singh
By: Anusha Agarwal
By: Pallavi Bishnoi
By: Pallavi Bishnoi
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By: Invest India
