India to offer 500 GW renewable energy capacity by 2028: MNRE

India plans to generate 500 GW of renewable energy generation capacity by 2028 to accomplish its objective of 40 per cent electricity generation from non-fossil fuels by 2030, alleged Anand Kumar, secretary, Ministry of New and Renewable Energy (MNRE). Of this, 350 GW would come from solar, 140 GW from wind, and the enduring from small hydro, biomass, he added.

“This figure rules out large hydro. If we take large hydro into account the figure will mature to 560 GW to 575 GW. To reach this figure we have to generate 30 GW of solar energy and 10 GW of wind energy every year,” Kumar said.

He further added that if the country's GDP grows at a rate of 6.5 per cent, the requisite for electricity generation capacity would reach 840 GW by 2030.

“Out of 840 GW, we plan to install a little more than 500 GW in renewables. We have installed 75 GW renewable energy capacity in the country and another 46 GW is under different stages of installations,” added Kumar.

He also said that if large hydro projects were measured under renewable energy, additional 46 GW would be in the course of installation, taking the overall figure to 163 GW. The existing 75 GW base of green energy capacity constitutes around 22 per cent of the total installed power generation capacity.

Kumar supposed that the share of non-fossil fuel based capacity in total would be 33 per cent by 2022 without taking into account large hydro plants. The country would attain 40 per cent by 2022 itself rather than 2030 if large hydro is also taken into account.

Policies & Regulations | News published on 09/01/2019 by Moulin

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