57% of power generated will be via renewable sources by 2027: Central Electricity Authority
1 year, 6 months ago

57% of power generated will be via renewable sources by 2027: Central Electricity Authority

The Hindu  

While India may have internationally committed to half its installed electricity being sourced from renewable sources by 2030, an estimate of the country’s projected power needs by the Central Electricity Authority on Wednesday suggests that this target may be achieved early, by 2026-27. The voluminous document notes that “…the share of non-fossil based capacity is likely to increase to 57.4% by the end of 2026-27 and may likely to further increase to 68.4% by the end of 2031-32 from around 42.5% as on April 2023.” Installed vs generated Installed capacity, however, does not perfectly translate into generated power as different sources of energy have varying efficiencies, and not all sources of power are available at all times. Following Prime Minister Narendra Modi’s 2022 announcement in Glasgow, Scotland of India’s 2070 Net Zero target, India updated its Nationally Determined Contribution in August 2022 whereby it committed to achieving “about 50 percent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030.” The NDCs are commitments made by countries under the terms of the Paris Agreement to keep global temperatures from rising beyond two degrees Celsius by the end of the century, and are required to be updated once in five years. NEP projections The NEP projects that the likely installed capacity for 2026-27 would be 609,591 MW, comprising 273,038 MW of conventional capacity and 336,553 MW of renewable-based capacity along with Battery Energy Storage System capacity of 8,680 MW/34,720 MWh.

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