Between 2010-11 and 2016-17, almost a quarter of the $70 billion-odd in external assistance received by India from foreign governments and multilateral agencies, came from Japan. This amount ($16.59 billion), is far ahead of what the World Bank and the Asian Development Bank have committed in that time.
Rapidly evolving technology, conducive policy environment and increasing cost efficiency has transitioned renewables from alternative to mainstream source of energy. The wind industry is supporting the Government’s ‘Make in India’ initiative with over 75% localisation.
The target of 175GW of renewable energy by 2022 and the formation of the International Solar Alliance with India in the lead are examples of our commitment towards clean energy. With both solar and wind power established as being cheaper than coal-based power, going by economic logic alone, majority of India’s future capacity additions should be through renewables.