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According to the Global Energy Investment Report released by the International Energy Agency IEA, in 2017, India's investment in renewable energy exceeded fossil fuel power generation
for the first time.
Overall, investment in India's power sector fell by almost 10%
in 2017 due to a significant reduction in coal spending.
But renewable energy investment reached an all-time high
of nearly $20 billion, as solar PV investment and record spending on onshore wind projects more than doubled.
In addition, India's spending on energy networks remained at an "all-time high"
in 2017.
Supportive policies and tenders for India's large-scale renewable energy are helping investors take advantage of economies of
scale.
IEA said, "Since 2014, despite the trade frictions, the scale of solar photovoltaic power generation has increased threefold, and wind power has increased nearly fivefold, showing a positive development overall
.
" ”
According to the Indian government target, India plans to achieve 175GW of renewable energy installed capacity by the end of March 2022, including 100 GW of solar energy
.
According to the Global Energy Investment Report released by the International Energy Agency IEA, in 2017, India's investment in renewable energy exceeded fossil fuel power generation
for the first time.
Overall, investment in India's power sector fell by almost 10%
in 2017 due to a significant reduction in coal spending.
But renewable energy investment reached an all-time high
of nearly $20 billion, as solar PV investment and record spending on onshore wind projects more than doubled.
In addition, India's spending on energy networks remained at an "all-time high"
in 2017.
Supportive policies and tenders for India's large-scale renewable energy are helping investors take advantage of economies of
scale.
IEA said, "Since 2014, despite the trade frictions, the scale of solar photovoltaic power generation has increased threefold, and wind power has increased nearly fivefold, showing a positive development overall
.
" ”
According to the Indian government target, India plans to achieve 175GW of renewable energy installed capacity by the end of March 2022, including 100 GW of solar energy
.
