Green power replaces black in India
Over the next 10 years, solar is expected to account for a whopping 170 GW of the 275 GW of new generating capacity added to India’s grid. Tim Buckley, Director of Energy Finance Studies, IEEFA, sets out the role policy has played in delivering the transformation.
Prime Minister Narendra Modi is urging India to implement a solar revolution. The economics are compelling, with wind and solar tariffs halving since 2016 and renewables seen as a low cost, deflationary source of new capacity. Modi has articulated his solar vision since a landslide election victory four years ago, government conviction is unquestioned, and …
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