In 2019, India was ranked as the fourth most attractive renewable energy market in the world:
- 5th largest installed capacity of renewable energy in the world
- 4th largest installed capacity of wind power in the world
- 5th largest installed capacity of solar power in the world
1,000+ GW: Renewable energy potential in India
81 GW: Installed renewable energy capacity (as of August 2019)
22%: Share in total installed capacity
137%: Increase in renewable installed capacity (FY 2013-14 to FY 2018-19)
The country has set an ambitious target of 450 GW of renewable power by 2030. This is the world's largest expansion plan in renewable energy.
Up to 100% FDI is allowed under the automatic route for renewable energy generation and distribution projects subject to provisions of The Electricity Act, 2003.
For further details, please refer FDI Policy