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.
Recent Comments