Greater awareness about global warming has led to a greater impetus for Renewable Energy sources. India is the 4th most attractive destination for renewable energy and this sector has grown at a CAGR of 17.33%. The government is also committed to greater use of clean energy sources by undertaking many such projects. In recent times, there has also been a large amount of FDI in this sector. This has led to greater innovation.
In this week’s Industry Analysis we take a look at India’s Renewable Energy sector to see which are the major growth drivers, emerging technologies, government initiatives, the present and future outlook of this sector.