May 31, 2022, New Delhi Renewable energy subsidies in India have fallen by 59% to INR 6,767 crore after peaking at INR 16,312 crore in FY 2017 as deployment slowed during COVID-19 pandemic-induced lockdowns and grid-scale solar photovoltaic and wind achieved cost parity, according to a joint independent study released today by the Council on
After peaking in FY-2017, the renewable energy subsidies have fallen in India by 59 per cent as deployment slowed for various reasons and more support including subsidies will be needed to scale up renewable to achieve the 2030 targets of .