Renewable energy projects led by solar and wind projects have become the key focus of a country quite keen to scale up its power capability rapidly. Here is an analysis of the factors behind this trend in India and its ability to attract the $100bn investment required by 2022.

The renewable energy sector is currently emerging as the only viable driver of the Indian energy industry, despite accounting for only 13.0 per cent (ex hydro) of the country’s 298GW installed power capacity as of FY16. It is largely a result of thermal projects being in the doldrums due to low PLFs, delays in clearances, lack of PPA and fuel shortages.