With 15 of the top 20 polluted global cities in India, and energy being the primary source of pollution, it’s critical for the country to transition from fossil fuel to renewable energy, and Internal Combustion Engine (ICE) automobiles to electric vehicles (EVs). In the last five years, the renewable sector in India has had some achievements, thanks to the proactive polices of the government. India is now the fourth and fifth largest country in terms of installed capacity of wind (36.3 GW) and solar (29.5 GW) in the world. The sector also saw the transition from feed-in tariff regime to transparent competitive reverse auctions, leading to record low tariffs of Rs 2.43/ unit in wind and Rs 2.44/ unit in solar.
Though the last government also ramped up the renewable capacity, the non-allocation of land, inadequate transmission capacity, frequent changes in RfS/bid documents, cancellation of reverse auctions, and poor financial health of Discoms have impacted sector’s growth.
