Economic Surveyhighlights the growth of renewable energy sector

Renewable energy (excluding large hydro) constitutes over 24.71 percent of the country’s installed power capacity and around 10.7 percent of the electrical energy generation for year 2020-21.

As of October 2021, India’s total RE installed capacity (excluding hydro power above 25 MW) has reached over 103.05 GW and it constitutes over 24.71 per cent of the country’s installed power capacity. Around 10.7 per cent of the electrical energy generation for 2020-21 was through RE. In order to facilitate renewable power evacuation and reshaping the grid for future requirements, the Green Energy Corridor (GEC) projects have been initiated. The first component of the scheme, Inter-state GEC with target capacity of 3,200 ctkm transmission lines and 17,000 MVA capacity substations, was completed in March 2020. The second component – Intra-state GEC with a target capacity of 9700 ckm transmission lines and 22,600 MVA capacity sub-stations is expected to be completed by June 2022. The Economic Survey 2021-22 also notes that despite the push for renewables, as per the Draft National Energy Policy of NITI Aayog, the demand for coal is expected to remain in the range of 1.3-1.5 Billion Tonnes by 2030. Nonetheless, several initiatives are also being taken by the coal lignite producing PSUs to reduce their carbon footprints.

GET ACCESS TO OUR ARTICLES

Enter your email address

Share your work e-mail and access a free 3 month digital subscription to Power Line Magazine