Challenges related to grid integration, intermittency, and energy storage need to be addressed for the effective deployment of renewable energy in India.
Rising energy demand, coupled with concerns about air pollution and climate change, is driving the transition towards renewable energy sources in India.
The renewable energy sector in India attracts both domestic and foreign investment, including venture capital, private equity, and foreign direct investment.
Advances in renewable energy technologies, such as solar photovoltaics (PV), wind turbines, and energy storage solutions, are driving down costs and improving efficiency.
Initiatives such as the National Solar Mission and various state-level renewable energy policies provide a favorable regulatory environment for renewable energy companies.
India aims to achieve 175 gigawatts (GW) of renewable energy capacity by 2022 and has further increased its target to 450 GW by 2030.
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