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Industry Landscape

India is the third largest producer of electricity in the world as per the key world energy statistics published by EA in 2019. The Government of India has released its roadmap to achieve 175 GW capacity in renewable energy by 2022, which includes 100 GW of solar power and 60 GW of wind power. The Union Government of India is preparing a 'rent a roof' policy for supporting its target of generating 40 giga watts (GW) of power through solar rooftop projects by 2022.
Industry Landscape

Key Industry Growth Drivers

  • The Union Budget 2020-21 has allocated Rs 15,875 crore (US$ 2.27 billion) to the Ministry of Power and Rs 5,500 crore (US$ 786.95 million) to DeenDayal Upadhyay Gram Jyoti Yojana (DDUGJY).
  • Energy deficit reduced to 0.7 per cent in FY20 from 4.2 per cent in FY14.
  • Around Rs 36,729.49 crore (US$ 5.26 billion) investment was made during April-December 2019 by private companies in renewable energy.
  • In November 2019, Renew Power, Avaada, UPC, Tata unit won solar projects in 1,200 MW auction of the Solar Energy Corp of India.


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