India aims to significantly increase the share of renewable energy by 2030
To reduce dependence on coal-fired generation, the authorities plan to increase the installed capacity of electricity from non-fossil fuel based sources
The Indian government has reaffirmed its commitment to achieve around 50 per cent of its installed electricity capacity from non-fossil fuel based sources by 2030. So far, the country has already achieved 45.5 per cent of this target.
To reduce dependence on coal-fired generation, the authorities plan to increase the installed capacity of non-fossil fuel based electricity.
The required installed capacity on coal and lignite will be 283 GW, while the current capacity is 217.5 GW. The authorities plan to install at least an additional minimum of 80 GW of coal capacity by 2031-32. This is reported by IANS, a partner of TV BRICS.
To achieve the targets, the government has allowed foreign investment up to 100 per cent under the automatic scheme and waived inter-state transmission charges for sale of solar and wind power for projects to be commissioned by 30 June 2025.
Photo: iStock
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