India with renewable energy ambitions

Installed renewable energy capacity in India has exceeded 100 gigawatts (GW) and is expected to reach 450 GW by 2030.

The 2,000 MW Shakti Sthala solar power park in Pavagada town, Karnataka state, India. Photo: AFP

India’s Energy Minister Mr. K. Singh looks at the numbers 100 GW The installed capacity of renewable energy is a “major milestone” in the history of the electricity industry in a nation of 1.36 billion people.

Aerial installed renewable energy capacity includes power from large hydropower projects. This is the latest result in India’s drive to reach 450 GW of renewable energy capacity by 2030.

In the short term, by 2022, India aims to increase its renewable energy capacity to 175 GW, but this is still a big challenge. Because, while Prime Minister Narendra Modi’s government wants to highlight the achievements of renewable energy development, the country still has a lot of work to do in the process of decarbonisation.

According to the India Energy Outlook 2021 report of the International Energy Agency (IEA), India is the third largest CO2 emitter in the world, despite its low per capita CO2 emissions. “The carbon intensity of the Indian power sector is much higher than the global average,” International Energy Agency tell.

The report points out that coal remains “a mainstay of India’s energy economy, accounting for a 44% share of the primary energy market”. However, India still has a lot of potential to develop renewable energy on a large scale.

In the report’s title, the CEO International Energy Agency Fatih Birol calls the growth of India’s renewable energy sector “very impressive”. The country is “on track to lead the world in areas such as solar power and batteries in the coming decades”.

Besides solar energy, wind power has also emerged as a renewable electricity “segment” with many growth opportunities in India. The country is expected to add nearly 20.2 GW of new wind power capacity between 2021 and 2025, according to a report released by the Global Wind Energy Council and research and consulting firm MEC Intelligence in June. past.

In addition, “green hydrogen” is also an area of ​​interest to invest in India. The potential for development of this fuel has been highlighted by the New Delhi-based Energy and Resources Institute (TERI) in a research report published late last year. “To this day, basically all the hydrogen consumed in India comes from fossil fuels,” said the Institute of Energy and Resources.

“By 2050, however, nearly 80% of India’s hydrogen will be ‘green hydrogen’ and produced using renewable electricity and electrolysis,” the Institute of Energy and Resources forecasts.

Over the medium term, the Institute of Energy and Resources thinks the cost of producing hydrogen from renewables will fall by more than 50% by 2030, allowing it to start competing with hydrogen produced from fossil fuels.