Asia-Pacific
With a power score of 2.73, India ranks number 1 among Emerging Markets and number 1 in the Asia-Pacific region
Power score
2.73/5
Score over time
2021 - 2024
India has a power score of 2.73, which puts it at rank 1 in the Emerging Markets power ranking.
At 2.73, the power score of India is better than than the regional average of 1.94 in the Asia-Pacific region and puts it at rank 1 in the region.
India implements policies in 7/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in tariff, Net metering, Priority grid access, Renewables mandate, and Renewable Energy Certificates.
The average electricity price in India has increased from 94.78 USD/MWh in 2022 to 95.93 USD/MWh in 2023. Since 2017, the average electricity price in India has fluctuated between 94.78 USD/MWh (2022) and 107.23 USD/MWh (2017).
The top amount of capacity installed in India in 2023 was in Coal at 50.07%, down from 51.42% in 2022. The technology with the biggest increase in capacity installed in 2023 was Utility-scale PV at 13.55%, up from 12.49% in 2022.
The top amount of electricity generated in India in 2023 was in Coal at 73.49%, down from 74.73% in 2022. The technology with the biggest increase in electricity generated in 2023 was PV at 8.07%, up from 5.68% in 2022.
Investment in clean energy in India was around $13,069.66 million in 2023, a decrease of 14.47% from 2022 ($15,280.10 million). Between 2018 and 2023, the highest investment in clean energy was in 2022 at $15,280.10 million, while the lowest was in 2020 with $6,638.34 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.