India's renewable energy capacity to touch 250 GW mark by March 2026: Icra

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India's renewable energy capacity to touch 250 GW mark by March 2026: Icra - Business Standard

Quick Summary:

In a note, Icra said it expects the installed renewable energy capacity, including large hydro projects, in India to increase to about 250 GW by March 2026 from the level of 201 GW as of September 2024.

Nevertheless, challenges remain on the execution front with respect to delays in land acquisition and transmission connectivity, which, if sustained, could hamper the sector's prospects," Girishkumar Kadam, Senior Vice President & Co-Group Head - Corporate Ratings at Icra, said.

Domestic renewable energy capacity is expected to reach the 250 GW level by March 2026, Icra said on Tuesday.