Finance, transmission may trip India in race to meet renewables targets

India currently has 87.67 GW of renewable generation capacity installed, close to a quarter of its total installed capacity of 371 GW

India has just two years to double its renewables capacity to 175 GW--and put itself firmly on the path to its target of 450 GW by 2030 under the Paris Agreement. These targets may remain out of reach if the country does not address four key issues that slow down the sector’s growth--tariffs on import of solar parts, irregular flow of finances, shortage of land, and the distressed finances of electricity distribution companies, say experts and new studies.

Considering the current speed of capacity installation and the policy issues ailing the setor, India will