Renewable energy in India: key trends, drivers and prospects

The article examines the features and trends in the development of renewable energy in India in the context of the modern transformation of the global energy economy. The dynamics of growth of installed capacity in the country’s energy sector by type of generation sources has been analyzed, and stable trends in changes in the structure of primary energy consumption have been identified. The main factors for the successful development of key areas of renewable energy have been identified. Particular attention is paid to the analysis of innovative schemes and instruments of public-private partnership in the development of renewable energy. The main government documents that determine the vector and pace of transformation of the Indian energy sector taking into account the global climate agenda are considered. It is concluded that with undeniable successes in the development of renewable energy and favorable conditions for its further growth, in the foreseeable future in India, traditional energy will not lose its significant importance due to the role that it and the infrastructure created for it play in ensuring economic growth and well-being population, sustainable energy supply and energy security of the country in the context of increasing turbulence in the global energy market.