RENEWABLE ENERGY

Installed Renewable Energy Capacity Crosses 84GW

As a part of Nationally Determined Contributions as per the Paris Accord on Climate Change, India has made a pledge that by 2030, 40% of our installed power generation capacity shall be from non-fossil fuel sources and also by 2030, reduce emission intensity of GDP by 33-35 % from 2005 level.

Economic growth, increasing prosperity, a growing rate of urbanisation and rising per capita energy  consumption has increased the energy demand of the country. Renewable Energy sector made rapid strides in 2019 with the Installed Renewable Energy capacity crossing 84GW.

The government decided in 2015 that 175 GW of renewable energy capacity will be installed by the year 2022. This includes 100 GW from solar, 60 GW from wind, 10 GW from biomass and 5 GW from small hydro power.

Source
Business Standard
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