India’s political will to set up 100 GW renewable energy capacity: Experts

On the occasion of the 75th Independence Day of the country, where Prime Minister Narendra Modi made all the important announcements in his speech from the Red Fort on Sunday, the most notable among them was the announcement of the establishment of the National Hydrogen Mission, under which to make India the new global center of Green Hydrogen. efforts will be made. With this, he also set the goal of making India independent in the energy sector by the year 2047.

On the other hand, just before Independence Day, India achieved a major breakthrough in terms of renewable energy and crossed the critical milestone of 100 GW of renewable energy capacity without including major hydropower projects. With this, India has moved up to the fourth position in the world in terms of installed renewable energy capacity, fifth in solar power and fourth in wind power.

According to the information received, 100 GW capacity has been installed, while 50 GW capacity is being installed, besides the process of tendering for 27 GW is going on. Along with achieving this milestone, India has also increased its ambition to install 450 GW of renewable energy capacity by 2030.
And if this includes large hydroelectric projects, the installed renewable power capacity will increase by 146 GW. Giving information about this development, Union Minister for Energy and New and Renewable Energy RK Singh has also tweeted. This is a positive development for India’s renewable energy sector in all respects and could be game-changing for India’s climate change goals.

Note that the need for such efforts has also been emphasized in the latest IPCC report. These reports come at a juncture when there is a realization that India can do more. Responding to the development, Dr Ajay Mathur, Director, ISA said, “India has grown from 10 GW (GW) to 100 GW (GW) in just 15 years. It is a huge success.”

Further, Aarti Khosla, Director, Climate Trends, says, “Many states such as Gujarat, Maharashtra, Chhattisgarh and Karnataka have expressed their intention not to manufacture coal further and expand into the energy sector through renewable energy. 450 GW by 2030. Considering India’s commitment to achieving GW (GW) and achieving 100 GW (GW) of installed renewable energy (RE) capacity, it is now necessary to rationalize the use of coal. This will not only reduce emissions, but also ensure cleaner air. Recent analyzes have shown that the cheapest first in order of merit principle creates a situation where older inefficient plants take precedence. At a time when we are witnessing spectacular successes in the Renewable Energy (RE) sector. For the world to shine, we must focus on efficiency and emission reduction from coal, and make necessary changes in the thermal sector, to bring overall benefits to India’s power sector.”

Commenting on how further efforts will be needed, Vibhuti Garg, Energy Economist, IEEFA, says, “There is a need to further accelerate these targets on the road ahead to help India decarbonize its energy sector. This can be achieved through advances in technology and finance across the value chain and a stable and conducive policy environment.”

Manu Srivastava, Principal Secretary, Department of New and Renewable Energy, Government of Madhya Pradesh, says, “Renewable energy can grow even faster. Instead of forcing unwilling DISCOMS (DISCOMS) to get Renewable Energy (RE), we should Institutional customers should be facilitated. It is our job to set up projects where they can consume and provide them with Renewable Energy (RE) at a reasonable rate. Today we have PPAs which we cannot dispose of On the other hand we have big customers like Indian Railways, who are eager but not able to get clean electricity.

Akhilesh Magal, Head, Renewable Advisory, GERMI says, “This is a historic milestone in India’s path in implementing its energy transition. This aligns several things – we have the political will for renewable energy, supportive Policies have been implemented and the right technologies have been used.”

Now it remains to be seen at what speed India will be able to achieve its goals in the next ten years.

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