In 2018, India's solar PV investment surpassed coal power for the first time

According to the World Investment Report 2019 published by the International Energy Agency (IEA), global investment in renewable energy has increased by 55%
since 2010.

According to the report, investment in India's energy sector has grown the fastest in the
last three years.
Mercom also recently reported that investment in India's solar sector totaled about $9.
8 billion in 2018, down 15%
year-on-year from $11.
5 billion in 2017.

India said net capacity growth was largely flat despite a slight decline in renewable energy investment, mainly due to falling
costs of renewable energy technologies.

India's energy investment has grown by 12% over the past three years, a significant
increase.
In particular, renewable spending continued to outpace fossil fuel generation in 2018 due to uncertain financial attractiveness of new coal power, but coal supply spending also rose
.

Although from a global sector perspective, solar PV investment fell by about 4%, while wind power investment was flat
.
But in India, solar PV investment surpassed coal power
for the first time, supported by government tenders.
Total investment in renewables has outpaced fossil fuel generation for the third year in a row, largely driven by uncertainty over tenders and new coal power
.

According to the IEA, investment in India's renewable energy sector surpassed investment in conventional energy (fossil fuel) projects in 2017, especially solar PV investment rose to record levels
, according to the IEA.