Time is Now for RBI to Categorize Renewables as a Separate Sector, Remove Lending Limits
RBI needs to decouple clean energy from polluting fossil fuels, ease liquidity crunch
April 22, 2020
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The rapidly expanding renewable energy in India accounted for almost 36% of India’s total power capacity mix at the end of the calendar year (CY) 2019. The country’s total installed power capacity stood at about 371 GW as of December 31, 2019. Of this, renewables (including large hydro) accounted for about 133.2 GW. This growth signals that the sector needs to be given a distinct status decoupling it from the conventional power sector.