India is all set to cross the 100GW renewable energy capacity mark in 2020. It can also make rapid strides towards the ambitious 175GW clean energy target by 2022 provided the government keeps a close eye on key issues and deals with those well in time.
The Government, however, needs to promote storage to ensure 24X7 clean energy supply as coal fired thermal power still remains the base load in the country.
Presently, the issues hampering growth of renewables in India are lack of interest of financial institution to fund renewable energy projects, safeguard duty on imported solar panels, ambiguity over goods and services tax (GST) on solar equipment and low investor sentiment due to delayed or non-payment by discoms to clean energy developers.
