India set to cross 100-GW renewable energy capacity mark in 2020

India is set to cross the 100-Gw renewable energy capacity mark in 2020 and can make rapid strides towards the ambitious 175 GW clean energy target till 2022 provided by the government keeps a close eye on key issues and deals with those well in time. The government, however, needs to promote storage to ensure 24×7 clean energy supply as coal fired thermal power still remains the base load in the country.

Presently, the issues hampering growth of renewable in India are lack of interest of financial institution to fund renewable energy projects, safeguard duty on imported solar panels, ambiguity over goods and services tax (GST) on solar equipment and low investor sentiment due to delayed or non-payment by discoms to clean energy developers.

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