India to Overtake EU at Renewables

New Delhi, India - India’s renewable energy expansion is set to surpass that of the European Union for the first time by 2022. This is according to a report titled ‘Renewables 2017’ issued by the International Energy Agency (IEA). The installed renewable energy generation capacity in the country would also double by then.

The report added that Solar Photo Voltaic (PV) and wind together represent 90 percent of India’s capacity growth.
The auctions for contracts to develop power-generation capacity have yielded some of the world’s lowest prices for
both technologies.

Boosted by a strong solar PV market, the production of renewable energy accounted for almost two-thirds or 165 GW of the net new power capacity last year.

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