As the central government wants to achieve the goal of installing 175 GW of renewable energy capacity (excluding large hydropower) by 2022, Karnataka, Gujarat, Tamil Nadu along with Rajasthan and Telangana have in the last half a year.
According to the government, Karnataka has become a leader in the clean energy mission as it produced the largest amount of solar, wind, small hydropower and bio power from April 2017 to December 2020.
Solar energy continues to dominate the clean energy table, contributing 76 percent of all clean energy generated during that period. The use of solar energy is one of the main components of India’s renewable energy strategy. Most of India receives abundant solar radiation and the country has an estimated solar energy potential of around 750 GW of solar power.
175 GW target
The government aims to achieve the goal of installing 175 GW of renewable energy capacity (excluding large hydropower) by generating 100 GW from solar, 60 GW from wind, 10 GW from biomass and 5 GW from small hydropower.
By December 31, 2020, the country had achieved a cumulative renewable energy capacity of 91.15 GW (excluding large hydropower), of which 37.47 GW from solar, 38.62 GW from wind, 10.31 GW from biomass and 4.75 GW from small hydropower electricity, according to the Ministry for New and Renewable Energies.
The data on the ministry’s website shows that renewable energies account for 23.39 percent (368.98 GW by February 29, 2020) of the country’s total installed generation capacity. According to the ministry, India ranks fifth in the world in terms of total installed renewable energy capacity, with installed capacity increasing 226 percent over the past five years.
The clean energy focus is part of the government’s mission to increase the country’s share of non-fossil installed electrical power to 40 percent by 2030. India’s current energy system is largely based on the use of coal for power generation, oil for power generation transport and industry, and biomass for heating and cooking residential buildings. Bioenergy and most of the coal supply are produced in the country, while oil and natural gas are mainly imported.
The government has allowed FDI up to 100 percent under the automatic route, and the Inter-State Transmission System (ISTS) fees and losses for the interstate sales of solar and wind power for projects ending by Aug.
Indian Renewable Energy Development Agency Ltd (IREDA) has financed more than 2,700 renewable energy projects in India as of November 2020 with cumulative loan disbursements of 57,000 billion.