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17 Jan 2022

Summary

  • The year 2022 could be a pivotal one for India’s energy transition. Recently, some of India’s biggest energy companies—Reliance Industries Ltd, Adani Group and NTPC Ltd—had announced massive investments in renewable energy (RE), mostly solar, to herald their transition to a low-carbon future. Further, according to the CEEW Centre for Energy Finance, in 2021, Indian RE companies raised a record $5.9 billion through ‘green bonds’ from overseas debt markets. In spite of these positive signals, the task ahead remains herculean. Since 2016, the average rate of RE deployment in India has been around 10 GW per annum. This has to almost quadruple if renewables were to constitute at least 85 per......

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