Renewable energy now makes up for nearly half of India’s total installed power capacity, and may reach its 50 per cent target by the end of the year.
“We have reached almost 50 per cent (share of renewable capacity) of the 472 GW total generation capacity, and by the end of the year, we will achieve it,” said Union Power Minister, Manohar Lal, at an event on Wednesday that was organised by India Energy Storage Alliance (IESA).
As per official data, India’s total installed power generation capacity was at 475.590 GW as of May 31. Of the total, 235.53 GW was recorded from non-fossil fuel sources that include wind, solar and nuclear power.
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The government hopes to achieve 50 per cent of its total power generation capacity from non-fossil fuel sources by 2030, for which solar and wind capacities will be required to be installed on a war footing, the power minister said.
As part of the updated enhanced Nationally Determined Contributions (NDCs) submitted to the UNFCCC (United Nations Framework Convention on Climate Change) in August 2022, India has committed to reducing its emissions intensity by 45 per cent by 2030 (compared to 2005 levels), achieving 50 per cent of cumulative electric power capacity from non-fossil fuel sources by 2030.
Another requirement to step up its non-fossil fuel based energy generation, the country needs to focus on improved energy storage systems which can help stabilise the grid, optimise power generation and ensure round-the-clock supply of clean energy, the minister added.
The symposium by the IESA in New Delhi that began on Tuesday saw around 1,000 participants from over 20 countries, senior government officials, and industry stakeholders in participation.
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