November , 2022
India is rushing to meet its December Renewable Energy target
16:41 pm

Pritha Misra

By the end of 2022, India had set a goal of deploying 175 GW of renewable energy capacity, with 100 GW coming from solar, 60 GW from wind, 10 GW from bio-power, and 5 GW from small hydropower but four large states continue to make up for just half of the overall shortage, according to a new estimate. India is still 58 GW short of reaching its 2022 objective, as per the most recent analysis conducted by international energy think tank Ember as part of its "State Renewable Energy Tracker." Maharashtra (11.1 GW), Uttar Pradesh (9.7 GW), Andhra Pradesh (9.2 GW), and Madhya Pradesh (6.5 GW) – states that built less than 3% of India's installed renewables up to August — account for at least 61% of the current gap.

The study based on data from the Ministry of New and Renewable Energy (MNRE), which is published monthly shows that India has installed 11.1 GW of renewable power by the end of August, compared to 9.5 GW during the same time period in 2021. Despite a high rise of 17% year over year in the first eight months of the year, it might not reach the year-end target. But the analysis also states that India will need to install renewables 2.5 times faster to maintain the necessary monthly build-rates in order to meet the 2030 target. Solar still drives the clean energy transition and accounts for 89% of the expansion of all renewables. Data shows that between January and August of 2022, new solar installations increased by 22% year over year, whereas new wind installations increased by only 7%, with only 1.1 GW built. Despite having the fourth-largest wind power capacity in the world, wind accounts for just 10% of India's renewable energy growth from January to August 2022, with small hydro and biofuels accounting for the remaining 1%. "For a few years, wind capacity increases have been at very low levels. Although solar is projected to experience the largest increase in the future, wind still has an important role to play.

On an overall basis, India's renewables industry is flourishing, and up until 2030, the nation is expected to add 35 to 40 gigawatts of renewable energy yearly, which may power up to 30 million additional homes. According to an estimate, India, the third-largest energy consumer in the world, would have 405 gigawatts of renewable energy capacity by 2030. By the end of the decade, it is anticipated to exceed the government's goal of generating 50% of its electricity from sources other than fossil fuels.

The war in Europe and other factors caused delays in India's clean energy development, but the country still has great intentions.


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