The Indian renewable energy capacity has risen to 165.94GW till October, compared with the 175GW target for 2022. Parliament was informed on Thursday.
In a written response to Lok Sabha, R K Singh, Power and New & Renewable Energy Minister stated that “Against the target for achieving 175 GW Renewable Energy installed capacity by 2022”, a total of 165.94 GW (including large-hydro) of renewable energy capacity has been installed in the country as on October 31,2022. Singh informed the House that 76.13 GW of renewables is in various stages of implementation, and 36.44GW is currently under bidding.
The Ministry of New and Renewable Energy has set a goal to achieve 500 GW of installed electricity from non-fossil sources in 2030, following the announcement made by the Prime Minister at COP26.
Singh explained that the country has 172.72GW of non-fossil-fuel-based energy resources as of October 31, 2022. This includes 119.09GW Renewable Energy, 46.85GW Large Hydro, and 6.78GW Nuclear Power.
This account represents 42.26 percent of the total installed capacity of the country i.e. 408.71 GW at October 31, 2022. “In 2015 the Government set a goal to install 175,000 MW of renewable energy capacity by 2022. Of this, 60,000 MW were targeted to be from wind power projects.
“As of 31 October 2022, wind power projects with 41,843 MW capacity have been commissioned and 11,734 are in various stages of implementation. Singh also stated that bids for wind projects with 1700 MW capacity are being issued.
He noted that the installed solar and wind capacity has increased rapidly between 2014-15 and 2022-23. This indicates the increasing interest in solar and wind energy. The cumulative solar energy installed capacity has increased from 2,821MW in March 2014, to 61,624 MW in October 2022.
Singh said that the cumulative installed capacity for wind energy has increased from 21,131MW in March 2014, to 41,843MW in October 2022.