Billionaire Gautam Adani said his logistics-to-energy conglomerate will invest USD 70 billion over the next decade to become the world’s largest renewable energy company and produce the cheapest hydrogen on the Earth.
Grassroots efforts are bringing solar panels to rural villages without electricity, while massive solar arrays are being built across the country.
The country is expected to reach 14 GW of newly installed PV capacity this year. Of this power, around 11 GW should come from utility scale projects and 3 GW from distributed generation.
Macquarie boss Shemara Wikramanayake has been appointed co-chairman of a British and Indian climate change initiative that will push billions of dollars towards renewable energy projects in India
India is expected to install just over 20GW of wind power capacity between 2021 and 2025, a growth rate of nearly 50%, according to analysis from the Global Wind Energy Council (GWEC) and MEC Intelligence.