Renewable Energy in India – Well positioned for next phase growth India has been on a remarkable growth momentum post the GoI took initiative to push it from being on the nominal side to be on the leading power capacity additions source. Though, certainly arguable whether the thrust on all facets of renewable energy has been same post 2014 but at the same time the intent in terms of ramping up the capacity cannot be denied. Building grounds from the thrust, solar power seems to be the biggest beneficiaries in the country which has also managed to attract global attention both in terms of participation as developers and suppliers. The growth registered under solar power has opened up the renewable sector as more lucrative for investments and capacities are being planned on an up scaled manner for wind, biomass and small hydro plants in India. One of the major reasons behind the definitive thrust to the pace of enhanced solar capacity additions has been fall in the tariff levels which have tanked to sub-INR.3/kWh levels pushing solar business case in the country. Cost parity in focus for India w.r.t to generation sources Not only the developments in technology but also
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*The views expressed in this article are solely those of enincon perspectives and do not necessarily represent those of Enincon LLP.