India likely to achieve 50% RE installed capacity ahead of 2030: MNRE Secretary

India is looking to achieve the target of 50 percent of its total power capacity coming from RE ahead of its stated timeline of 2030, said the MNRE Secretary
India likely to achieve 50% RE installed capacity ahead of 2030: MNRE Secretary (File photo)
India likely to achieve 50% RE installed capacity ahead of 2030: MNRE Secretary (File photo)Energy Watch

Gandhinagar: India is looking to achieve the target of 50 percent of its total power capacity coming from renewable energy (RE) ahead of its stated timeline of 2030, said Bhupinder Singh Bhalla, Secretary at the Ministry of New and Renewable Energy (MNRE) on Friday. Out of a total capacity target of 500 gigawatt from non-fossil sources, 485 gigawatt is being envisaged to come from renewable energy (RE), Bhalla said.

Over 42% of India's installed capacity is RE: Bhalla

Speaking at the Vibrant Gujarat Global Summit here, he said, "Our share of renewable energy in the total energy has increased substantially. Now it's over 42 percent of India's total energy capacity and that is significant." He further said, "We are committed to achieve 50 percent of the capacity by 2030 and we are on path to achieve that and we hope to do that much earlier than 2030."

Out of 500 GW installed capacity, 485 GW will be RE by 2030: MNRE Secy

Bhalla said India's RE capacity has increased from about 76 gigawatts in 2014 to 180 gigawatts at present. "The target is of 500 gigawatt of non-fossil capacity, out of which we will have about 485 gigawatt of RE by 2030," he said. While 180 gigawatt of RE capacity is already functional, another 175 gigawatt is under implementation.

"That shows the scale at which India is progressing. Majority of it will come on board. It maybe a little delayed at some time but most of the projects are supposed to come online and we expect that to happen," he added.

India likely to achieve 50% RE installed capacity ahead of 2030: MNRE Secretary (File photo)
Tata Power Renewable Energy to invest Rs 70,800 cr on 10 GW RE projects in TN

Bhalla acknowledged that the gap between the targeted total capacity of RE and the combine of existing and upcoming capacities needs to be covered and has to be planned and executed.

Related Stories

No stories found.
logo
Energy Watch
www.energywatch.in