Nearly 75 percent of power in India is still generated from coal. While coal-fired power generation is still growing, ambitious clean energy policies and falling solar costs could soon stop this trend. Since demand for energy in India is set to double over next decade caused by the rapid growth of its economy and population, its complete rejection of coal dependence in the near future seems far too big of a challenge. However, this is a perfect timing for the entrance of renewables—especially solar—with almost 300 days of sun a year and with Prime Minister Narendra Modi who is pushing his country further into renewable energy. India’s largest green energy producer, ReNew Power, used these circumstances to raise more than $1 billion in funds this year alone for its wind and solar business, performing its part in pushing this country towards renewable energy. Part of the funds were secured […]