India to Bid 500 GW RE Capacity by 2028

Kumar said that the share of non-fossil fuel based capacity in total would be 33 per cent by 2022 without considering large hydro plants.

Trying to achieve the number one position as the developer of renewable energy in the world, India is planning to bid out 500 GW of renewable energy capacity by the year 2028, Ministry of New and Renewable Energy Secretary, Anand Kumar said.

Of this, 350 GW would come from solar, 140 GW from wind, and the remaining from small hydro, biomass, he said in India-Norway Business Summit 2019, New Delhi.

“This figure excludes large hydro. If we take large hydro into account the figure will grow to 560 GW to 575 GW. To reach this figure we have to bid out 30 GW of solar energy and 10 GW of wind energy every year,” Kumar said.

He further added that requirement for electricity generation capacity would reach 840 GW by 2030 if the country’s Gross Domestic Product (GDP) grows at a rate of 6.5 per cent.

“Out of 840 GW, we plan to install a little more than 500 GW in renewables. We have installed 75 GW renewable energy capacity in the country and another 46 GW is under various stages of installations,” added Kumar.

Kumar said that the share of non-fossil fuel based capacity in total would be 33 per cent by 2022 without considering large hydro plants. The country would achieve 40 per cent by 2022 itself rather than 2030 in case large hydro is also taken into account.

Source: ET Energy World