CRISIL analysis: India powering ahead on renewable energy targets
By 2032, over half of India’s power generation is expected to be from renewable sources and the country is firmly on course to achieve its renewable energy (RE) targets, according to CRISIL MI&A Research.
This comes despite reservations on specific pledges at the 28th United Nations Climate Change Conference (COP28) held in Dubai recently. At the meet, countries reached a broad agreement on transitioning away from fossil fuels.
CRISIL MI&A Research expects India to almost triple its RE installed base to more than 550 gigawatt (GW) by financial year 2031-32 from the current 172 GW (including hydro and pumped storage plants).
