As the Indian economy continues to be one of the fastest growing economies in the world, this growth will have to be powered by matching power consumption. The demand for power is slated to grow to 15280 TWH by 2040, of which renewable energy will account for 55% of the total installed capacity by 2030.

Ever-increasing urbanization leading to depletion of forest cover, increase in pollution levels and changes in climate patterns have shifted the policy thrust to development & deployment of renewable energy sources. With a clear policy focus and a conducive environment, India has made impressive progress on the renewable energy front. The country ranks 4 th in wind power and 5 th in solar power globally. Overall, the country ranks 5 th in renewable energy installed capacity as on 2018.