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Renewables to account for 55% of energy mix by 2030: Minister

Singh said that more than 55% of installed power capacity will be renewable by 2030. "India has decided that by 2030, about 40% of its installed capacity will come from renewables. But we will be crossing that," he added. On the Perform Achieve an...

ET Bureau|
Updated: Nov 12, 2019, 11.52 PM IST
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India to cross 200 GW renewable energy capacity mark by 2022: Power Minister
India has set an ambitious target of having 175 GW of renewable energy capacity by 2022.
minister RK Singh told a meeting of BRICS energy ministers. He said the country will also exceed its target of installing 200 GW of renewable energy capacity in 2022.

India has already installed renewable energy capacity of 83,000 MW, while another 31,000 MW is being executed and 35,000 is under bidding, he said. “So this becomes 140,000-145,000 MW. In hydro, we have installed capacity of around 45,000 MW and under installation capacity is about 13,000 MW. Which makes it around 60,000 MW. So we will cross 200,000 MW capacity of renewable energy by 2022,” he said.

Singh said India’s energy situation had changed significantly. “We have transitioned a country which had a deficit, so far as energy production capacity was concerned, to a country which is now a surplus and we are able to produce more energy than we consume and we are exporting energy to our neighbouring countries,” he said. India has aggressively expanded its wind and solar energy capacity in the past five years, helped by aggressive bidding by companies.
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