可再生能源產(chǎn)業(yè)分析報(bào)告英文

TableofContent

ExecutiveSummary 3

AdvantageIndia 4

MarketOverviewandTrends 6

StrategiesAdopted 12

GrowthDrivers 14

Opportunities 20

IndustryAssociations 24

UsefulInformation… 26

EXECUTIVESUMMARY

Source:EY,CentralElectricityAuthority,MNRE,DIPP,Livemint,IWTMA

3

RenewableEnergy

Forupdatedinformation,pleasevisit

AmbitiousTargets

AsapartofitsParisAgreementcommitments,theGovernmentofIndiahassetanambitioustargetofachieving175GWofrenewableenergycapacityby2022.Theseinclude100GWofsolarcapacityadditionand60GWofwindpowercapacity.

GovernmentofIndiahasrampedupitsprevioustargettoachieve225GWofrenewableenergycapacityby2022,muchaheadofitstargetof175GWaspertheParisAgreement.

60solarcitieswillbedevelopedinIndiaaspartofMinistryofNewandRenewableEnergy’sSolarCitiesprogram.

ImmenseGrowthPotential

Indiahasverylowconventionalenergyresourcescomparedtotherequiredenergyneedsofitshugepopulationandrapidlyincreasingeconomy.ButIndiacanharnessthehugepotentialofsolarenergyasitreceivessunshinemostoftheyear.Italsohasvastpotentialinhydropowersectorwhichisbeingexploredinthenorth-easternstatesofthecountry.

Indiaaddedrecord11,788MWofrenewableenergycapacityin2017-18and1,832.26MW(gridinteractiveandoff-grid)inApril-July2018.Overall,Indiaisexpectedtoaddupto8.5GWofrenewableenergycapacityin2018-

19.ItisexpectedthatIndiawilloverachieveitsParisAgreementgoals.

Renewablesourcesareexpectedtohelpmeet40percentofIndia’spowerneedsby2030.

Competition

Thecompetitioninthesectorhasrisenrecently,especiallyinthesolarpowersegment,wheretariffsreachedrecordlowofRs2.43(US$0.037)perunitinDecember2017andthesamelevelwasreachedinSeptember2018again.Thelargeintegratedplayersareinabetterpositionwithhigherreturnscomparedtothesmallercontractors.

IncreasingInvestments

TherenewableenergyspaceinIndiahasbecomeveryattractivefrominvestors’perspectiveandhasreceivedFDIinflowofUS$6.84billionbetweenApril2000andJune2018.

MorethanUS$42billionhasbeeninvestedinIndia’srenewableenergysectorsince2014.

IndiaisrankedfourthinEYRenewableEnergyCountryAttractiveIndex2018.

RenewableEnergy

ADVANTAGEINDIA

ADVANTAGEINDIA

Non-conventionalenergyreceivedFDIinflowofUS$6.84billionbetweenApril2000andJune2018.

Withgovernment’sambitiousgreenenergytargets,thesectorhasbecomequiteattractiveforbothforeignanddomesticinvestors.

India’srenewableenergysectorisexpectedtoattractinvestmentsofuptoUS$80billioninthenextfouryears.

Indiahasrelativelylowpercapitaenergyandelectricityconsumption.PercapitaelectricityconsumptioninIndiareached1,122unitsin2016-17.

Astheeconomygrowstheelectricityconsumptionisprojectedtoreach15,280TWhin2040fromthe4926TWhin2012.Mostofthisdemandwouldcomefromthegrowthinthebuildings,industryandtransportsectors.

ADVANTAGEINDIA

Indiareceivesabout300daysofsunlightinanyearandhasalargehydropowerpotentialwhichisbeingexploredinthenorth-easternstatesofthecountry.

Regularauctions,bringingdownthetariffsinnewrenewableenergyprojects.

IndiaisrankedfourthinEYRenewableEnergyCountryAttractiveIndex2018.

Indiangovernmentaimstoachieve175GWofrenewableenergyby2022.

GovernmentofIndiahasrampedupitsprevioustargettoachieve225GWofrenewableenergycapacityby2022,muchaheadofitstargetof175GWaspertheParisAgreement.

Theaimofthegovernmenttoachieveuniversalhouseholdelectrificationisalsoaboonforthepowersector.Indiaaddedrecord11,788MWofrenewableenergycapacityin2017-18.

Note:TWh–TerawattHour

Source:CentralElectricityAuthority,MinistryofNewandRenewableEnergy,MercomIndia,EY

5

RenewableEnergy

Forupdatedinformation,pleasevisit

RenewableEnergy

MARKETOVERVIEW

ANDTRENDS

RenewableEnergySources

RenewableEnergySources(RES)

WindPower

BiomassPower

Source:CentralElectricityAuthority(CEA)

7

RenewableEnergy

Forupdatedinformation,pleasevisit

Urban&IndustrialWastePower

SolarPower

Bio-Power

SmallHydroPower(Projects≤25MW)

Otherformsofrenewableenergy

HydroEnergy

GENERATIONCAPACITYHASINCREASEDATA

HEALTHYPACE…(1/2)

Indiaaccountsforapproximatelyfourpercentofthetotalglobalelectricitygenerationandcontributes4.43percenttotheglobalrenewablegenerationcapacity.

TheInternationalEnergyAgency’sWorldEnergyOutlookprojectsagrowthofrenewableenergysupplyto4,550GWin2040onaglobalbasis.

Installedrenewablepowergenerationcapacityhasincreasedsteadilyovertheyears,postingaCAGRof9.29percentoverFY08–18.Indiaaddedrecord11,788MWofrenewableenergycapacityin2017-18.

AsofJuly2018,totalrenewable1powergenerationinstalledcapacity(gridinteractive)inthecountrystoodat116.82GW,whichis33.81percentofthetotalinstalledcapacityof345.49GW.

Notes:RES–RenewableEnergySource,*uptoJuly2018,GW–Gigawatt;1LargeHydropowerprojectsincludedherebutnotincludedinrenewableenergytargetsofGOI

Source:CEA,InternationalRenewableEnergyAgency(IRENA),MNRE

8

RenewableEnergy

Forupdatedinformation,pleasevisit

FY08

47.0

FY09

50.1

FY10

52.4

FY11

56.0

FY12

63.5

FY13

67.0

FY14

70.0

FY15

77.0

FY16

85.7

FY17

101.7

FY18

114.3

FY19*

116.8

VisInaskthaallpeadtnCaampapcoitryttBrareffaicku(mp–illJiounlyt2o0n1n8es)

IVnistaakllheadpRatennaemwapbolretEtrnaeffricgy(mCiallpioancitoyn(nGeWs)

0.9% Hydro

3.8% 0.6% Wind

SolarPower-Ground

7.4% Mounted

1.0%0.1% Biomass(Bagasse)

38.5%

18.6% SmallHydroPower

SolarPower-RoofTop

Off-Grid/CaptivePowerBiomass(non-bagasse)

29.1%

WastetoPower

140 CAGR9.29%

120

100

80

60

40

20

0

GENERATIONCAPACITYHASINCREASEDATA

HEALTHYPACE…(2/2)

Powergenerationfromrenewableenergysources(excludinglargehydro)inIndiareached101.84billionunitsinFY18and46.28billionunitsinApril-July2018.

Thecountryranksfourthintheworldintermsoftotalinstalledwindpowercapacity.AsofAugust2018,Indiaranksfifthintermsofcumulativeinstalledsolarcapacity.

GovernmentofIndiaisaimingtoachieve225GWofrenewableenergycapacityby2022,muchaheadofitstargetof175GWaspertheParisAgreement.

SolarinstallationinIndiaisexpectedtoincrease360percentby2020.DuringJanuary-March2018,solarinstallationsincreasedby34percentquarter-on-quarter.DuringApril-June2018,solarcapacityof1.4GWwasinstalledinIndia.

About4.96millionhouseholdsizebiogasplantshavebeeninstalledinIndiasincetheinceptionofNationalBiogasandManureManagementProgramme(NBMMP).15,000biogasplantswere

installedinFY18(uptoDecember2017)

Note:RES–RenewableEnergySource,*LargeHydropowerprojectsnotincluded,1uptoJuly2018

Source:CEA,MakeinIndia,MNRE,MercomIndia,IndiaEconomicSurvey2017-18

9

RenewableEnergy

Forupdatedinformation,pleasevisit

ElVecistarikchitaypGaetnnaemraptiorntftroamfficR(EmSi*lli(obnilltionnuensit)s)

120

100

80

60

40

20

0

FY16 FY17 FY18 FY191

46.28

65.78

81.51

101.84

SOLARPOWERGENERATIONGROWTHLIKELYTO

OUTWEIGHOTHERSOURCESBY2022

StateWiseSolarInstallationsinIndia(August2018)

Duetoitsfavourablelocationinthesolarbelt(400Sto400N),Indiaisoneofthebestrecipientsofsolarenergywithrelativelyabundantavailability

Growthinsolarpowerinstalledcapacityisexpectedtosurpasstheinstalledcapacityofwindpower,reaching100GWby2022.AsofAugust2018,installedsolarpowercapacityinthecountrycrossed25GW.Inthefirsthalfof2018,Indiainstalled1MWofsolarcapacityeveryhour.

RapidlyfallingcostshasmadeSolarPVthelargestmarketfornewinvestment.

UnderUnionBudget2018-19,zeroimportdutyoncomponentsusedinmakingsolarpanelwasannouncedtogiveaboosttodomesticsolarpanelmanufacturers.

World’slargestsolarparknamed‘ShaktiSthala’waslaunchedinKarnatakainMarch2018withaninvestmentofRs16,500crore(US$2.55billion).

SolarsectorinIndiareceivedinvestmentsofoverUS$10billioninCY2017.

Source:CEA,MakeinIndia,IndiaSolarHandbook2017,MNRE,MercomIndia

10

RenewableEnergy

Forupdatedinformation,pleasevisit

GROWTHINHYDROPOWER

Indiahasthehydropowerpotentialofaround145GW.

HydropowerprojectsinIndiaareclassifiedintoconventionalhydroprojectsandsmallhydroelectricprojects.Smallhydelprojectsareincludedinthegovernment’srenewableenergysources(RES)targets

InstalledcapacityfromlargehydelprojectsinIndiaincreasedfrom

35.9GWinMarch2008to45.4GWinJune2018whilecapacityfromsmallhydelplantshasincreasedmorethanfourtimesto4.5GWinthesameperiod.

AnewHydropowerpolicyfor2018-28

growthofhydroprojectsinthecountry.

has

been

drafted

for

the

Source:CEA,MinistryofPower

11

RenewableEnergy

Forupdatedinformation,pleasevisit

VisakhapIantsntamllepdoHrtytdrraoffiCca(pmaicllitoyntonnes)

50.0

45.0

45.3 45.4

40.0

35.0

30.0

25.0

20.0

15.0

10.0

5.0 4.5 4.5

1.1

0.0

Mar'08 Mar'18 June'18

35.9

RenewableEnergy

STRATEGIES

ADOPTED

STRATEGIESADOPTED

Source:Companywebsites,Livemint,Mercom

13

RenewableEnergy

Forupdatedinformation,pleasevisit

WiththeincreasingcompetitionandincreasingFDI,playersinthesolarsectorhavestartedbiddingatlowerpriceswithsolartariffsreachingrecordlowofRs2.44(US$0.04)perunitinMay2017.PowerPurchaseAgreementswithstateshavebecomeimportantpartoftheprojectcycleforIndiancompanies.WindpowertariffreachedrecordlowofRs2.43(US$0.038)in500mwreverseauctionsbyGujaratUrjaVikasNigamLimited(GUVNL)inDecember2017.

PPA&LowerTariffs

ElectricitytoallhasbecomeamajorthrustareaforGovernmentofIndia.Thisincludeshouseholdsandvillagesandslumswhicharenotcurrentlyapartofthegridorcentraliseddistribution.SelcoSolarPvtLtdstartedinstallingsolarpanelsinslumswhichwerenotconnectedtothegridasapilotprojectin2008andhassinceexpandedintootherstatesaswell.Theyhavealsousedstandardizedfinancialpackagestogettheslumpeoplemovefromkerosenetosolarpower.

Off-GridsolarpowerisgrowingatafastpaceinIndia.Inthefirsthalfof2018,Indiaaccountedfor44percentofglobaloff-gridproductsales,withsalesof1.3millionproducts.

DecentralisedSolarPower

Suzlon,akeyplayerinthewindpowersegment,isaverticallyintegratedcompany.Ithasbeenproducingallthewindturbinesandinstallingthemcoupledwiththemaintenance.Ithasservicesupportcentresacrosstheglobe.

AdaniPoweralsoaimstobecometheafully-integratedsolarPVmanufacturer.

ThereturnsoffullyintegratedplayersexceedthoseofEngineering,ProcurementandConstruction(EPC)contractors.

FullIntegration

RenewableEnergy

GROWTHDRIVERS

RNEWABLEENERGYGROWTHDRIVERS

Source:InvestIndia,KPMG,MNRE

15

RenewableEnergy

Forupdatedinformation,pleasevisit

GovernmentCommitments

AsapartofitsParisAgreementcommitments,theGovernmentofIndiahassetanambitioustargetofachieving175GWofrenewableenergycapacityby2022.

Theseinclude100GWofsolarcapacityadditionand60GWofwindpowercapacity.Thesolarcapacitytargetwillbeachievedbeforeits2022deadlinewhilewindpowercapacityisexpectedtoreach60GWbyFY21.

60solarcitieswillbedevelopedinIndiaaspartofMinistryofNewandRenewableEnergy’sSolarCitiesprogram.

Investments

TherenewableenergyspaceinIndiahasbecomeveryattractivefrominvestors’perspectiveandhasreceivedFDIinflowofthanUS$6.84billionbetweenApril2000andJune2018.

MorethanUS$42billionhasbeeninvestedinIndia’srenewableenergysectorsince2014.

FavourablePoliciesandIncentives

Renewableenergyprojectsareincludedinprioritysectorlending,whichisrelativelycheaperthanothersourcesofcredit.

Policiesformulatedforallsubsectorsunderrenewableenergy.

Fiscalincentivesprovidedtopromoterenewableenergy.

GOVERNMENTPOLICIES

Note:GW-Gigawatt

Source:MinistryofNewandRenewableEnergy(MNRE),NewsArticles

16

RenewableEnergy

Forupdatedinformation,pleasevisit

IndianOceanRimAssociation(IORA)

InOctober2018,21countriesadoptedtheDelhiDeclarationonRenewableEnergyintheIndianOceanRegionforacommonrenewableenergyagenda,increasedcollaborationandpromotionofregionalcapacitybuilding.

RepoweringPolicy

Promotesoptimumutilisationofwindenergyresourcesbycreatingfacilitativeframeworkforrepowering.

Aninterestrebateof0.25percentovertheinterestrebateofferedtonewwindenergyprojectswillbeprovided.

Allfiscalandfinancialbenefitsofferedtonewwindpowerprojectswillbeextendedtorepoweringprojects

Wind-SolarHybridPolicy

Aimstoachieveahybridwind-solarcapacityof10GWby2022.

Hybridizationofthetwotechnologieswillhelpin:

MinimizingVariability

Optimalutilizationofinfrastructureincludinglandandtransmissionsystems

RenewablePurchaseObligations(RPO’s)

RPO’sareamechanismbywhichStateElectricitycommissionsareobligedtopurchasecertainpercentageofpowerfromrenewableenergysources.

Also,floorpricesoftheRPOhavebeensettoprovidecertaintytocompanies.ThefloorpricehasbeensetatUS$144perMegawatt.

SchemeforDevelopmentofSolarParksandUltraMegaSolarPowerProjects

Aimstosetup25SolarParksandUltraMegaSolarPowerProjectstargeting20,000MWofsolarpowerinstalledcapacityby2019-20.

US83.78millionhavealreadybeensanctionedunderthescheme.

GOVERNMENTINITIATIVES

Targetsdeploymentof100GWofsolarpowerby2022.

Variousincentivesarebeingofferedunderthescheme:

Projectforevacuationofrenewableenergyfromgenerationpointstotheloadcentresbycreatingintra-stateandinter-state

transmissioninfrastructure.

?

?

?

Zeroimportdutyoncapitalequipment,rawmaterialsLowinterestratesandPrioritySectorLendingSinglewindowmechanismforallrelated

permissions.

IndiareceivedaUS$1.15billionsoftloanfromGermandevelopmentbankforimplementationofgreencorridorsproject.40percentofIntrastateand70percentofinterstatetransmission

schemeswillbefundedthroughthesoftloan.

Budget2018-19-MinistryforNewandRenewableEnergyAllocationis

US$1.6billion

Schemeforsettingup1000MWInterStateTransmissionSystems(ISTS)connectingwindpowerprojects.

Projectsof50MWandabovewillbeconnectedtoISTSpoint.

SolarandwindenergysectorsinIndia

areexpectedtogenerateover300,000jobsby2022.

Tomeettherisingdemandoftrainedmanpower,atargetofachieving50,000“SuryaMitras”ofskilledmanpowerinsolarenergysectorby2019-20has

beenset.

Around1,739.14MWofwindpowercapacitywasaddedin2017-18.Windpowercapacityadditionisexpectedtoreach3GWinFY19.

Inter-statedistributionofwindpowerwasstartedinAugust2018.

Notes:GW–Gigawatt,MW–Megawatt,PPA–PowerPurchaseAgreement,PSA-PowerSaleAgreement

Source:MinistryofNewandRenewableEnergy(MNRE),MakeinIndia,InternationalLabourOrganization,BloombergQuint

17

RenewableEnergy

Forupdatedinformation,pleasevisit

INCREASINGINVESTMENTS:FDIINFLOWSANDKEY

DEALS…(1/2)

100percentFDIisallowedunderautomaticrouteforprojectsofrenewablepowergenerationanddistributionsubjecttoprovisionsofTheElectricityAct,2003.

NewinvestmentsincleanenergyinthecountryreachedUS$11billionin2017.Inthefirsthalfof2018,investmentsincleanenergyincreased22percentyear-on-year.

Thenon-conventionalenergysectorhasreceivedatotalFDIequityinflowofUS$6.84billionduringApril2000toJune2018.

With28deals,cleanenergymadeup27percentofUS$4.4billion

mergerandacquisition

powersectorin2017.

(M&A)

deals

which

took

place

in

India’s

Notes:FDI-ForeignDirectInvestment,Pvt.Ltd.–PrivateLimitedCompany

Source:DIPP,EY,BloombergNEF

18

RenewableEnergy

Forupdatedinformation,pleasevisit

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

VNiseawkIhnavpeasttnmaemntpsoirnttCraleffaincE(mniellrigoynitnonInndeisa)

16

14

13.8 13.7

12

10 11.0

9.9

8 9.0 8.5

8.1

6 6.4 6.8

5.4 5.8

4 4.3

3.2

2

0

INCREASINGINVESTMENTS:FDIINFLOWSANDKEY

DEALS…(2/2)

MajorFDIInvestmentsinRenewableEnergySector

AsianDevelopmentBank

Philippines

RenewPowerVenturesPvt.Ltd.

44.69

AIRROSingaporePteLtd

Singapore

DiligentPowerPvt.Ltd.

41.07

ORIXCorporation

Japan

LalpurWindEnergyPvt.Ltd.

37.75

ENELGreenPowerDevelopmentB.V.

Netherlands

BLPEnergyPvt.Ltd.

32.61

DEG-DEUTSCHE-InvestitionsUnd-Entwicklun

WELSPUNRenewablesEnergyPvtLtd

Germany

32.50

ENERKInternationalHoldingsLtd

Seychelles

RKMPOWERGENPvtLtd

32.50

OSTRORenewalPowerLimited

Mauritius

OSTROEnergyPvtLtd

32.21

AREVASolarInc

U.S.A

AREVASolarIndiaPvtLtd

31.53

19

RenewableEnergy

Forupdatedinformation,pleasevisit

ForeignCollaborator Country IndianCompany FDIEquityInflow(US$mn)

RenewableEnergy

OPPORTUNITIES

HUGEUNTAPPEDPOTENTIAL

Indiaisestimatedtohaverenewableenergypotentialof900GWfromcommerciallyexploitablesourcesviz.Solarenergy-750GW,Windpower1-102GW,Bio-energy–25GWandSmallHydro–20

GW.

Recognizingthispotential,atargetof175GWofrenewableenergycapacityby2022hasbeenfixed.

InIndia,thereisanestimatedpotentialofabout8,000MVoftidalenergy.

Notes:GW–Gigawatt,1WindPowerpotentialisat80metresabovegroundlevel

Source:MinistryofNewandRenewableEnergy(MNRE),CentralElectricityAuthority(CEA),IITChennaiStudy

21

RenewableEnergy

Forupdatedinformation,pleasevisit

VisaRkehnaepwaatnbalemEpnoergtyraPfofitce(nmtiiallioinnIntodnianes)

800.00

750.00

700.00

600.00

500.00

400.00

300.00

200.00

102.00

100.00

0.00

SmallHydro Bio-Power WindPower SolarEnergyPower

20.00 25.00

RISINGPOWERDEMAND

India’spowerdemandhasbeenrisingatafastpace.ItisestimatedthatIndiawillrequireanadditionalpowersupplycapacityof450GWby2034.

Thepeakpowerdemandofthecountrywasreached164.07GWin2017-18.InAugust2018,peakdemandwas170.98GW.

Itisestimatedthatthisdemandwillriseto295GWby2021-22and690GWby2035-36.

Also,Indiahasanelectricity-GDPelasticityratioof0.8.AsevenpercentgrowthinenergysupplywillberequiredifIndiaistogrowateightpercent.Thisshowsthatelectricitywillcontinuetoremainakeyinput

inIndia’sGDPgrowth.

Note:GW–Gigawatt,P–Provisional,E-Estimated

Source:BusinessStandard,CapacityadditionestimatesbyCEA

22

RenewableEnergy

Forupdatedinformation,pleasevisit

119.0

122.3

130.0

135.5

136.0

148.2

153.4

159.5

164.1

295.0

690.0

VisaPkheakaPtonawmerpDoermttaranfdficin(mInidlliaon(GtWon)nes)

800

700

600

500

400

300

200

100

0

MOVETOWARDSRENEWABLESOURCES

Ithasbeenestimatedthatrenewableswillcomprise49percentofIndia’spowergenerationby2040.

Overthelastfewyearstherehasbeenanincreaseinpercentagecontributionofrenewableenergytototalinstalledcapacity.In2013-14thecontributionwas12.92percentwhichhasincreasedto20.06percentbyMarch2018.

Indiaaimstoachieveatotalof175GWofinstalledrenewableenergycapacityby2022.ItisestimatedthatIndiawillbecomethethirdlargestsolarmarketin2017whileIndiaalreadyhasthefourthlargestwindpowerinstalledcapacityglobally.

Replacingcoalplantswithrenewablesourcesisexpectedtosave

IndiaRs54,000crore(US$8.4billion)annuallyduetoreducedpowercosts.

Note:1-RenewableEnergyAttractivenessIndexbyEY

Source:MinistryofNewandRenewableEnergy(MNRE),CentralElectricityAuthority(CEA),GreenpeaceIndia

23

RenewableEnergy

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RES(excludinglargehydro)asapercentageoftotalinstalled

capacity(%)

25.00%

20.00%

20.06%

15.00%

10.00%

5.00%

0.00%

2013-14 2014-15 2015-16 2016-17 2017-18

12.92%

13.17%

14.18%

17.52%

RenewableEnergy

INDUSTRY

ASSOCIATIONS

KEYINDUSTRYASSOCIATIONS

25

RenewableEnergy

Forupdatedinformation,pleasevisit

SolarEnergyCorporationofIndia(SECI)

TheIndianRenewableEnergyDevelopmentAgency(IREDA)

SardarSwaranSinghNationalInstituteofBio-Energy(SSS-

NIBE)

NationalInstituteofWindEnergy(NIWE)

NationalInstituteofSolarEnergy(NISE)

Address:A-2/158,Janakpuri,NewDelhi-110058,IndiaTel:911125618472,45652708

Fax:25611622

E-mail:

cvjvarma@

,

cvjv1933@

Website:

.in

Address:IndiaHabitatCentreComplex,Core-4A,EastCourt,1stFloor,LodiRoad,NewDelhi-110003

Tel:911124682214/21

E-mail:

cmd@.in

Website:

.in/

Address:12thK.M.Stone,Jalandhar-KapurthalaRoad,WadalaKalan,Kapurthala-144601(Punjab),India

Tel:911822255544/507403/507406

Fax:911822255544

Website:

http://www.nibe.res.in/

Address:Velachery-TambaramMainRoad,Pallikaranai,Chennai-600100

Tel:914422463982/83/84

Fax:914422463980

Website:

http://niwe.res.in/

Address:NationalInstituteofSolarEnergyGwalPahari,Faridabad,Gurugram,Haryana-122003

Website:https://nise.res.in/

RenewableEnergy

USEFUL

INFORMATION

GLOSSARY

CAGR:CompoundAnnualGrowthRateFDI:ForeignDirectInve