An assessment of India’s energy choices: financial performance and risk perception
India’s economy is growing rapidly, and with it, so is energy demand. The IEA-IEO (2015) estimates that India’s aggregate energy consumption will more than double by 2040. The Government of India plans to install 175 GW of renewable energy projects by 2022 and 275 GW by 2027. This means that renewable energy generation will contribute about 20.3% and 24.2% of the total electricity requirement in 2021-22 and 2026-27, respectively.This report compares the historical and present-day financial performance and risk profile of the renewable energy and fossil fuel power sectors, in order to inform investors and policymakers.