India Ranks 7th in Renewable Attractive Index by E&Y

India fell from fourth to ninth place in 2013. August’s reinstatement of generation-based incentives for wind came too late to reverse a dramatic fall in activity, while ongoing infrastructure barriers, a poorly enforced certi?cate trading mechanism and delays to the second phase of the national solar auction masked the country’s true potential.

India scales up. After a series of delays, phase two of India’s ambitious National Solar  Mission attracted bids totaling 2,170MW, almost triple the 750MW on offer. This solar success will likely boost support for government plans to launch a similar program for wind; the National Wind Energy Mission, announced in January, will target 100GW of wind power by 2022, a third of India‘s estimated wind energy potential. Recent government plans for a 5GW solar project in the Ladakh region further emphasize the scale of India’s renewable ambitions.

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E&Y-Renewable-Attractiveness_Feb 2014

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