Solar Power in India
Case Summary:
India’s energy system is on the cusp of a paradigm shift toward renewables, driven by a concerted policy effort to spur wide-scale solar adoption. Growing from 4 to 13 percent of total electricity generation between 2014 and 2022 and projected to account for 30 percent of generation capacity by 2040, India’s solar energy sector is rapidly growing. Since 2004, $130 billion has been invested in India’s RE sector. Of this, solar energy accounts for $71 billion, and its share of the country’s renewable investment portfolio has risen from insignificant levels to 83 percent.
Action Area
Mitigation
Planning and Implementation Activity
Developing Strategies and Plans
Source
World Bank
Language
English