By Maitreyee Mukherjee and Asit Biswas
May 19, 2015
India’s renewable energy generation capacity in 2014 was 31.7GW. To meet its objectives, government has proposed to add additional capacity of 4.46GW by 2015-2016. As of March 2015, only 44 percent of the target has been achieved. The 2015 budget allocated $400 million for grid connections and distribution networks for renewable energy projects. In addition, the government has doubled the tax on every metric ton of coal brought in or produced within the nation. Cumulatively, these steps are expected to enable additional generation of renewable energy.