The Indian economy is growing at a rapid pace and providing thrust to India’s energy consumption. The Government is geared to fulfil India’s increasing power demand by bringing Renewable Energy (RE) at the centre of its current energy policy. RE will continue to dominate capacity additions in the power sector over the next few years and shape India’s future energy landscape.

Today, India has the 5^th largest overall installed RE capacity in the world and occupies 4^th and 5^th positions for wind and solar power capacity, respectively. The Government has undertaken various initiatives to boost the RE sector such as introduction of Renewable Purchase Obligation (RPO), launch of solar parks, hybrid wind-solar policy, formation of International Solar Alliance etc. Another positive development for the sector is the approval of new hydropower measures, which categorises all large hydropower projects (those above 25 MW) under the RE segment.

Further, technological advancement and large inflow of investments in the RE sector are helping in reduction of project costs and consequently, power tariffs. Thus, India will continue to progressively deploy renewable energy generation within its total energy generation portfolio, taking advantage of the rapid ongoing price reductions in the RE sector, and seems well positioned to meet its target of 175 GW of RE capacity by 2022.

Increasing Share of Renewable Energy Capacity (%)

Source: CEA
RES consists of Wind, Solar, Small Hydro, Waste and Biomass

JSW Energy strongly believes that RE will be at the core of India’s future power mix. In line with this, the Company is carefully evaluating opportunities to expand its presence in solar as well as wind power segments, once the current competitive intensity in the bidding moderates and the returns fit in its risk-return dynamics. On the back of favourable Government policies and the rising demand for green energy, JSW Energy is well poised to capitalise on the growth opportunity offered by the RE sector in India and will play an intrinsic role in India’s transition to a sustainable and green energy future.