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Speed of India’s shift to green energy at par with China, Europe: Report

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Speed of India’s shift to green energy at par with China, Europe: Report

Transformation is aided by sustained deflation in renewable tariffs, tech upgrades, cheaper finance, expeditious tendering and political will

India is emerging as a transition force in power generation on par with China and Western Europe.
A report by US-based Institute for Energy Economics & Financial Analysis (IEEFA) says the country’s electricity generation market is changing rapidly. The transformation is helped by a sustained deflation in renewable energy tariffs, technology upgrades in wind and solar sectors, availability of cheaper financing, acceleration in wind and solar tender activity and a national political desire to abide by the Paris climate accord.

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