India's government is showing renewed confidence in renewable energy. According to The Guardian, a draft 10-year energy blueprint published last month forecast that the country will exceed the renewable energy targets set in Paris as part of last year's climate accord by nearly 50%--and three years ahead of schedule.

Industrial Info is tracking more than $176 billion in active renewable energy projects in India, including $96.6 billion in hydropower projects and $50.7 billion in solar-power projects.

By contrast, Industrial Info is tracking more than $390 billion in active fossil-fuel energy projects in India, more than 95% of which is related to coal-fired power.

The government currently predicts that 57% of India’s total electricity capacity will come from non-fossil fuel sources by 2027, with no new coal-fired power station likely to be needed in that time frame, according to The Guardian. Analysts said the growth will be driven by private-sector investment.

India has sought foreign investment for its renewables program, with mixed results. In an interview with India's Economic Times, Jean-Bernard Lévy, the chairman and chief executive officer of France's EDF Group, said India is among his company's top priorities, including a $2 billion commitment toward the sector. Still, EDF continues to shy away from capital-intensive projects, with Lévy telling the Times that the country should push itself even harder on its hydropower potential.

Among the active hydropower projects in India is Jindal Power Limited's $2.2 billion, 1,800-megawatt (MW) Kamla Hydro Power Station in Itanagar, Arunachal Pradesh, which is still in its early design phase; and Jaiprakash Power Ventures Limited's $646.6 million, 500-MW Hirong Hydro Power Station in West Siang, Arunachal Pradesh, which is in its site-selection phase. According to the current plan, Jaiprakash's facility would serve the state of Arunachal Pradesh under a 40-year contract.

Among the active solar-power projects in India is the OPG Power Generation Private Limited's $3 billion, 49-MW Govindpur Solar Power Station in Dhanbad, Jharkhand, and Solar Energy Corporation of India Limited's $1.03 billion, 1,000-MW Leh Ultra Mega Solar Power Station in Leh, Jammu and Kashmir, both of which are in their early planning phases.

For more information please visit www.iirenergy.com and subscribe to the IIR blog for more updates.



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