14thJuly 2016 – Navi Mumbai, India: Market reports on India presents the latest report on “Operational, Under Construction and Planned Renewable Projects in India”. It is pertinent to note that during 2015, India was ranked among the top 5 developing countries of the world for highly investing into RES, courtesy the flow funds into the solar facet.
With no time, the RES industry in India has gain momentum by enrooting serious flow of funds of above USD 20 Billion from domestic as well as global market till the last fiscal (FY’2015-16). It is pertinent to note that during 2015, India was ranked among the top 5 developing countries of the world for highly investing into RES, courtesy the flow funds into the solar facet. The initiatives taken by the Indian government to push the solar industry has really worked well in pulling more than decent investments into the domain. It is significant to note that the grid connected solar power projects have safely secured above USD 6 Billion of investments till May 2016 with an estimated installed capacity of 7.5 GW. Not only for solar, but India’s quest for harnessing more of all green energy sources has surpassed a major milestone this May, when the total RE capacity of India by reaching to a level of 42,850 MW in May 2016 overtook the cumulative portfolio of large hydro power projects in India. Given the aggressive steps which India is taking to add upon more and more capacity in its existing renewable energy portfolio, one can safely boast a four fold increase in the market size of said sources by seven-eight years down the line. Hence, providing platter full of investment opportunities for all value chain players.
To tap this underlying opportunity and taking the cognizance of to be achieved planned RE targets to provide a competitive project track with exclusive key bidding details for all the under construction and planned renewable projects in India.