India is seeing a significant increase in renewable energy investments as a result of its “favourable investment climate. Although renewable energy sources like wind and hydropower are becoming more popular, India might become a global leader in green energy if it were to bolster its solar industry. With several recent multibillion-dollar agreements, India is quickly becoming as a hub for renewable energy transactions.
There are several challenges India faces as it focuses on its renewable energy industry, including:
- Financial health of state-run distribution companies
- Concerns regarding the strength of transmission infrastructure
- Land acquisition concerns
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