China and India are staring at a USD 4 trillion opportunity to cater the energy market, accounting for 28% and 15% of the total investment in power generation by 2040, said a Bloomberg New Energy Finance (BNEF) report.
China and India are staring at a USD 4 trillion opportunity to cater the energy market, accounting for 28% and 15% of the total investment in power generation by 2040, said a Bloomberg New Energy Finance (BNEF) report.
The report claims that from 2030 solar energy will begin to subdue coal in Indian markets at a high pace, doubling from the solar energy generation rates in 2020.
However, India is likely to add 40 gigawatts (Gw) coal-driven power to its bag in the coming five years, despite a slumped growth rate of the sector.
As per the report, India’s installed coal power capacity is expected to increase to 254 Gw in 2040 from 89 Gw in 2016, despite an accounting for depreciation in plants. While around 42 Gw capacity is likely to be set between the 2017 and 2022 period.
Source by :India Infoline News Service “http://www.indiainfoline.com/article/news-top-story/solar-energy-in-india-solar-is-india-s-future-bnef-report-117061600205_1.html”
