RENEWABLE ENERGY

India’s Green Energy Takes A Giant Leap As Wind, Solar Now Account For 10% Power Production

For the first time, the world’s dirtiest fossil fuel coal ran at less than half of its capacity this year, said UK environmental group Ember in a recent report.

Wind and solar generation grew by 13 per cent in first half of 2020 compared to the same period last year (in comparison to 14 per cent growth globally), and that meant wind and solar generated 9.7 per cent of India’s electricity (compared to 9.8 per cent globally).

A recent survey among Energy CEOs had stated that India will add 50 GW of solar project capacity and 10 GW of wind power over the next five years. This is far short of the government’s ambition of hitting 175 GW of clean energy in two years’ time.

Last week, state-run power generation company NTPC proposed to set up a wholly-owned subsidiary to house its growing renewable energy portfolio, so that more focus can be on business that holds the potential of being the next growth engine for the company.

Source
India Times
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