Coronavirus, demand shortfall hit India's renewable energy dreams

The industry would have lauded his insistence on having a green future, but the facts on the ground tell a different story.

Prime Minister Narendra Modi — at two international fora last week — said India would add over 220 gigawatts (Gw) of renewable energy capacity by 2022 and 450 Gw by 2030. The industry would have lauded his insistence on having a green future — both at the G20 Summit and the inauguration of RE-Invest — but the facts on the ground tell a different story.

Tendering has been aggressive with 18 Gw of solar power projects awarded in the past two years by the central agency, Solar Energy Corporation of India, or SECI, but 16 Gw of these projects do not