The share of renewable energy in India’s electricity mix is set to increase to around 55% by 2030, as the country continues to expand its installed capacity in the face of growing power demand, said, as per Economic Times.
As part of the Paris Climate agreement, India had committed to produce 40% of its installed electricity capacity from non-fossil fuel sources by 2030.
According to ET, Singh said that the country have pledged in Paris that by 2030 40% of India’s installed capacity will come from renewables. He said that the country has already crossed 30%, adding hydro power share as well.
India has set itself a target of adding 175 GW renewable energy capacity by 2022, which Singh recently said that the government will ‘over-achieve’, instead adding 227 GW within the same timeline. Currently, renewables account for around 20% of the country’s total installed capacity.
Singh said that the country’s power demand has been increasing at the rate of 6% per annum and is expected to grow further.
