Power and New & Renewable Energy Minister R K Singh stated in a written reply to Lok Sabha that India has achieved 165.94GW of renewable energy capacity till October as
against the target of 175GW by 2022.

A capacity of 76.13 GW (of renewables) is under various stages of implementation and a capacity of 36.44 GW is under various stages of bidding, Singh informed the House.

Singh further elaborated that so far, a total of 172.72 GW capacity from non-fossil fuel-based energy resources has been installed in the country as on October 31, 2022, which includes 119.09 GW Renewable Energy, 46.85 GW Large Hydro and 6.78 GW Nuclear Power capacity.

This has a share of 42.26 per cent of total installed generation capacity in the country i.e. 408.71 GW as on October, 31, 2022.

LEARNING FROM HOME/ WITHOUT CLASSES/ BASICS

As the Prime Minister’s announcement at COP26, the Ministry of New and Renewable Energy is working towards achieving 500 GW of installed electricity capacity from non-fossil sources by 2030.

            
The National Policy on Biofuels 2018 emphasises active promotion of advanced bio-fuels, including CBG. The Government of India had launched the GOBAR-DHAN (Galvanising Organic Bio-Agro Resources) scheme to convert cattle dung and solid waste in farms to CBG and compost. The scheme proposes to cover 700 projects across the country in 2018-19. 

                
The National Policy on Biofuels 2018 specifically promotes advanced biofuels to achieve a target of 20% blending of biofuels with fossil-based fuels by 2030. The central government announced advancing the target date for achieving 20 per cent ethanol-blending with petrol by two years. According to government notification, the increased ethanol blending will be applicable from April 2023. 

Up to 100% FDI is allowed under the automatic route for renewable energy generation and distribution projects subject to provisions of The Electricity Act, 2003.

Renewable Energy Has A Share Of 26.53% In The Total Installed Generation Capacity In The Country.

Solar Capacity Increased In The Last 7.5 Years From Around 2.6 Gw To More Than 46 Gw

International Solar Alliance

A treaty-based international intergovernmental organization, International Solar Alliance
(ISA), aims at mobilizing more than USD 1000 billion of investment needed by 2030 for the massive deployment of solar energy. Established by Prime Minister Narendra Modi and President of France Francois Hollande on November 30, 2015, ISA’s objective is to scale up solar energy, reduce the cost of solar power generation through aggregation of demand for solar finance, technologies, innovation, research and development, and capacity building.

Today, India is the world’s third largest producer of renewable energy, with 40% of
its installed electricity capacity coming from non-fossil fuel sources.

 India has progressively decoupled economic growth from greenhouse gas emissions. For example, the Net Zero Emissions target by 2030 by Indian Railways alone will reduce
emissions by 60 million tonnes annually. Similarly, India’s massive UJALA LED bulb campaign is reducing emissions by 40 million tonnes annually. To further complement these ongoing efforts, India launched the National Hydrogen Mission in 2013 to make India the world’s largest hydrogen hub.

 The US emits 14.7 tonnes per capita, China emits 7.6 tonnes per capita, while India’s CO2 emissions amount to 1.8 tonnes per capita.

The country’s vision is to achieve Net Zero Emissions by 2070, in addition to attaining
the short-term targets which include:

• Increasing renewables capacity to 500 GW by 2030,
• Meeting 50% of energy requirements from renewables,
• Reducing cumulative emissions by one billion tonnes by 2030, and
• Reducing emissions intensity of India’s gross domestic product (GDP) by 45% by 2030.
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