Renewable Energy sector’s prospect has come under cloud — Three steps to recharge it

If India’s renewable energy (RE) sector is to shake off its torpor of the past couple of years, a complete revisit of its ecosystem, and an integrated approach to solutions is imperative. Indeed, over the past decade, the sector has seen significant growth in capacity – especially over the past five fiscals, after the government announced an ambitious target of installing 175 GW capacity by fiscal 2022, with installed capacity surging to ~78 GW (including ~28 GW solar and ~35 GW wind) in fiscal 2019 from ~39 GW as of fiscal 2015.