India’s Fast-Moving Energy Transition: $100 Billion in Renewables Investments So Far This Year
The government of India has initiated a radical transformation of the Indian coal -mining, renewable-energy, power-generation and electricity-distribution sectors. Minister Goyal has set extremely ambitious targets in regard to increasing Indian energy supply, including adding 175GW of renewable-energy installation by 2022, a US$50bn modernisation of the electricity grid and a target that could increase India’s domestic coal production to 1,500Mtpa. All of these measures are likely to see the cessation of thermal coal imports in the medium term.
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