India’s renewable energy capacity (excluding large hydro) is expected to reach 122 GW by December 2022, against the government’s target of 175 GW – a deficit of 30%. Over the past five years, solar and wind capacity additions have averaged around 9 GW per year, against a corresponding target of 19 GW. Despite a strong policy push, growing demand, and low costs, most states appear reluctant to buy more renewable energy.