India’s renewables sector is booming, with the country projected to add 35 to 40 gigawatts of renewable energy annually until 2030, enough to power up to 30 million more homes each year, a report said Thursday.
The Institute for Energy Economics and Financial Analysis and Climate Energy Finance estimated that India, the third largest energy-consuming country in the world, will reach 405 gigawatts of renewable energy capacity by 2030. It’s expected to surpass the government’s target of producing 50% of its electricity from non-fossil fuel sources by the end of the decade.
