Solar panels in Karnataka, India.
Jonas Graser | LightRocket | Getty Images
The Indian government has announced that the country’s renewable energy capacity has exceeded 100 GW.
Indian Energy Minister RK Singh on Thursday described the news on Twitter as “another historic day in the country’s energy sector.”
The large hydro-figure figure represents India’s latest development in its attempt to hit a 450-watt renewable capacity – indicating that high-volume loads are not currently generating – by 2030.
Along with this goal, India said it still needs to expand to 205 to 175 GW renewable capacity by 2022.
Of course, Prime Minister Narendra Modi’s government wants to focus on India’s growth in renewable energy, but the country needs to work on decommissioning.
According to the International Energy Agency’s India Energy Outlook 2021 report, “India has the lowest CO2 emissions (CO2). “In particular, the energy sector has a higher carbon footprint than the global average,” the report added.
An IEA report published earlier this year stated that coal “is the basis of India’s energy economy, accounting for 44% of the total energy mix.”
Despite the above, it is possible to develop renewable energy in moderation.
“India’s renewable energy sector growth is impressive,” said Fatih Birol, executive director of the AEUF.
“In the next few decades, the country is poised to lead the world in areas such as solar power and batteries,” he said.
Solar energy and wind also represent another development opportunity. India is expected to increase its new wind power by 20.2 GW between 2021 and 2025, according to a June report from the International Wind Energy Council and the MIC Intelligence Research and Consulting Company.
Green hydrogen is another source of interest. According to a report from the New Delhi Institute of Energy and Resources, its potential was highlighted last December.
“As of today, all hydrogen consumed in India comes from fossil fuels,” says the TERI report.
However, by 2050, about 80% of India’s hydrogen is projected to be ‘green’ – produced by renewable electricity and electrolysis.
In the medium term, TERI “will reduce the cost of renewable hydrogen by more than 50% by 2030,” allowing it to “compete with fossil fuels.”