India Renewables Q2 2020
We maintain that India will be the third fastest expanding non-hydro renewables market globally over the comingdecade, after China and the US. We forecast non-hydropower renewables capacity growth to continue to expand at a robust paceover our 10-year forecast period, with total capacity nearly trebling over the coming decade, reaching over 224GW by 2029, drivenlargely by the solar power sector. That said, this remains well below government aspirations of growing the sector to 450GW by2030 and is attributed to the continued land acquisition issues facing wind and solar projects, grid bottlenecks and waning interestin the country's big-ticket capacity tenders over 2019.
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