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India to achieve 50% clean energy share before 2030 deadline: Singh

IBEF:  November 10, 2021

India is likely to achieve the target of 50% share of energy from non-fossil fuels and also the 500-gigawatt (GW) renewable energy capacity prior to the deadline of 2030 set by Prime Minister Mr. Narendra Modi, stated Power and New & Renewable Energy Minister Mr. R K Singh.

It undertakes significance in view of Prime Minister Mr. Narendra Modi's assurance at the COP26 Climate Conference in Glasgow that India will attain net zero carbon emissions by 2070.

Mr. Modi also set up the nationally determined contribution (NDC) target of non-fossil energy capacity to 500 GW by 2030, from 450 gigawatts previously.

Mr. Singh stated, “We are working hard for the prime minister's target of 500 GW from renewable energy by 2030. We had said we will do 40% (energy from non-fossil fuel) by 2030. We have reached 39%. We will definitely attain the 50% target by 2030. The prime minister has given the target till 2030, we will achieve...before that.”

He included that the prime minister has raised the renewable energy (RE) target by 50 GW to 500 GW to be achieved by 2030.

“I have created an RE capacity of 149 GW (including large hydro projects). I have 63 GW RE capacity under construction. So, I am already at 212 GW. So, getting to further let us say 300 GW by 2030 or in a decade, I don't think that is difficult,” he added further.

About the mix of different sources in renewable energy target, India will have ~450 GW from solar and wind, while 70-100 GW will be from hydropower plants.

The minister stated, “We have RPO (renewable purchase obligation) till 2022. Now, we will come out with RPO till 2030 keeping in view the 500 GW RE target. We are considering that 70 GW to 100 GW will be from hydro and 450 GW will be solar and wind (under new RPO till 2030).”

Under the renewable purchase obligation, consumers like discoms are assigned to buy a certain quantity of power produced from clean energy sources like solar and wind.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.