India pledges to have 40 percent power generation capacity by 2030

As part of nationally determined contributions as per the Paris Agreement on climate change, India has made a pledge that by 2030, 40 percent of its installed power generation capacity shall be from non-fossil fuel sources and also by 2030, it will reduce emission intensity of the GDP by 33-35 percent from the level in 2005. Economic growth, increasing prosperity, a growing rate of urbanisation and rising per capita energy consumption has increased the energy demand of the country.

Keeping in view the above and the country’s commitment for a healthy planet with less carbon-intensive economy, India 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. The substantial higher capacity target will ensure greater energy security, improved energy access, and enhanced employment opportunities. With the accomplishment of these ambitious targets, India will become one of the largest green energy producers in the world, surpassing several developed countries.

The Prime Minister in his address at the Climate Action Summit stated, “India’s renewable energy capacity would be increased to much beyond 175 GW, and later till 450 GW.” In line with the objective of expanding renewable energy sector, several important initiatives were taken during year 2019, which include:
Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM): In a major initiative towards making Annadata also Urjadata PM-KUSUM scheme was approved on 8 March 2019 and implementation guidelines were issued on 22 July 2019.
Standard bidding guidelines: The Ministry of New and Renewable Energy has issued Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Solar and Wind Power Projects.
Development of Ultra Mega Renewable Energy Power Parks (UMREPPs): The Ministry has undertaken a scheme to develop Ultra Mega Renewable Energy Power Parks (UMREPPs).