The ambitious targets set by the Indian government for renewable energy has increased the total capacity installations in solar and wind energy with the help of higher investments and research collaborations.
By 2040 Ministry of New and Renewable Energy (MNRE) wishes to install a total renewable energy capacity of 175 GW. For meeting these targets, it is planned to double the wind power capacity and increase the solar power by 15 times. The distribution will be -100GW from solar power, 60 GW from wind power, 10 GW from bio power and 5 GW from small hydro power. Indian government has also announced that no new coal based energy will be required in the upcoming decade.
The total renewable energy capacity was 57 GW in 2016, out of which 61% came from wind energy and only 19% from solar. According to experts it is equivalent to 58 million tonnes of carbon emission savings in a year.
Considering the rate of installation, India is on its way of being a world leader in renewable energy production. India also holds the record for largest solar power plant of 900 MW of capacity installed, expanding to 1000 MW soon.
India is gaining respect from all over the world with more and more companies across the globe seeing the potential. More than $3.6 billion worth of investments has been made in the solar sector. Earlier this year, India secured the second position in being the most attractive renewable energy markets, behind China.
With 32.17 GW wind energy capacity installed, India is the on fourth position in wind energy capacity, exceeded by China, US, and Germany.
Wind power has 10% share of India’s total power generation capacity and has generated 46,011 million kWh between 2016 and 2017 –equivalent to 3% of total electricity generation. India’s wind energy installations are ahead of schedule. India targeted for installing 4 GW of new wind power capacity in 2016 and it was over-delivered with 5.4 GW of installed capacity.
With 300 days of clear sunny days, India is surely an ideal place for solar energy installations; the incident sunlight is 5,000 trillion kWh of energy per year.
India has increased its solar energy capacity from 2,650 MW in 2014 to 12,289 MW by March 2017. Even after this progress, solar energy is lagging the target of 12 GW of capacity. India needs to focus more on rooftop installations which is currently capable of generating 740 MW.
The country is not focussing only on solar panels; nearly 1 million solar lanterns were sold in India by the end of 2015 to replace the kerosene lamps. 118,700 solar home lighting systems were installed and 46,655 solar street lights were also provided, and installed, by the government of India. 1.4 million solar cookers were also distributed.
India still has to make a larger leap as it yet depends on fossil fuels for 60% of its energy needs. Moreover, it is the biggest greenhouse gas emitter after US and China. The ambitious target set by government is sure to reduce the pollution on the planet.