"India likely to miss 2022 renewable energy target by a long way"


2nd Mar,2021

"India likely to miss 2022 renewable energy target by a long way"

In Apr 2015, the Narendra Modi government projected a thought to spice up India’s renewable power capability to one hundred seventy five gigawatts (GW) by 2022. that might be over a four-fold increase from the forty GW around that Republic of India had at the time. however with simply a year left, Republic of India appearance set to miss the goal: around fifty three of the target has been met, and states that were to be key contributors are insulant.

When it had been declared, the set up appeared to be in step with ever-changing dynamics of the energy business globally. Yet, India’s capability addition since then has averaged around twelve GW each year, so much in need of the approximate twenty GW that was targeted. Last year, Republic of India supplementary around seven GW amid the pandemic.Solar power was envisaged because the key driver of the renewable energy basket. it had been appointed one hundred GW of the one hundred seventy five GW capability target, against a mere three GW at the time. India’s star capability has climbed to regarding forty eight GW as of January 2021—healthy growth, however slower than desired. The set up conjointly envisaged states driving new capability addition. however solely some of them ar on track to fulfill their targets because the alternative energy sector continues to be roiled by falling tariffs, legal uncertainties, and, last, a business landscape hit by the pandemic.Amid the capability addition, India’s renewable energy portfolio has been evolving. Wind and star along account for regarding eightieth of the facility generated through renewable sources. however the share of wind energy has reduced to four hundred and forty yards from fifty two in 2017-18, whereas that of star has accumulated from twenty fifth to thirty ninth.