India may add 45-50 GW renewable capacity annually over next 2 years: Report

India's ambitious renewable energy plans aim for an addition of forty-five to fifty gigawatts each year, supported by a significant number of projects pending power purchase agreements. The surge in electricity demand has greatly enhanced thermal plant usage rates, with renewables currently making up around twenty percent of the generation mix. It is expected that execution challenges in transmission will ease as the fiscal year unfolds.