India has come a long way in its efforts to decarbonise electricity generation. Installed solar and wind capacity has now crossed 68 GW, compared to a modest 16 GW in 2010. In fact, from a utility-scale solar perspective, India already ranks the third largest market globally, after China and the US.
Enabling policies and interventions is vital to any business generating returns over an extended time period, but requiring vast upfront capital investment. Renewable energy (RE) is no different from other infrastructure classes in this respect. However, what sets RE apart is the scale of the ambition set by the government on one hand, and its unique operating profile on the other.
Taken together, these two complementary aspects combine to form the perfect setting for the effective harvesting of data. Read More