Renewable Power in India: Growth, Policies and Future perspectives

Energy has always held a very crucial place in the development of infrastructural growth in any economy. Energy determines the stature of a country in the global arena. Traditionally, energy has been produced from conventional sources, like coal, petrol, diesel, etc. Not only are these resources limited but also pose threat to the environment. Hence, renewable sources provide a much better alternative to producing energy. Renewable energy sources can be seen as the future of the energy sector and hence, countries are heavily investing in them. India is at par with the rest of the world. Many frameworks have been established for the purpose, like various laws, policies, institutions, etc. As a result, the share of renewable energy in the total energy has been increasing over the years. In this research paper, growth in installed capacity of renewable power, past initiatives of Government of India (GOI) to achieve them have been analyzed and it has been determined whether the past targets have been achieved. Alongwith this, it has been analyzed that given favourable conditions, whether the future target set by Government of India of reaching installed renewable power capacity of 175 gigawatt (Gw) by 2022 is achievable or not.