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Indian solar growth Introduction Indian renewable energy sector is the fourth most attractive renewable energy market in the world. India is ranked fourth in wind power, fifth in solar power and fifth in renewable power installed capacity as of 2018. Market Size As of August 31, 2020, installed renewable energy capacity stood at 88.79 GW, of which solar and wind comprised 35.73 GW and 37.99 GW, respectively. Biomass and small hydro power constituted 10.14 GW and 4.73 GW, respectively. Investments/ Developments According to the data released by Department for Promotion of Industry and Internal Trade (DPIIT), FDI inflow in the Indian non-conventional energy sector stood at US$ 9.22 billion between April 2000 and March 2020. Government initiatives Some initiatives by Government of India to boost India’s renewable energy sector are as follows: In August 2020, the government announced plans to offer land near its ports to companies for building solar equipment factories. India plans t...