Close X
Sunday, November 10, 2024
ADVT 
India

India needs to increase solar capacity by 36% every year: Ember

Darpan News Desk IANS, 03 Oct, 2023 12:31 PM
  • India needs to increase solar capacity by 36% every year: Ember

New Delhi, Oct 3 (IANS) India needs to increase annual solar capacity additions by 36 per cent every year to meet its 2027 target, a new analysis by global energy think tank Ember said on Tuesday.

Solar and wind could drive two-third of power generation growth by 2032 if India is on track to deliver its electricity plan, based on its analysis.

This means that growth of India’s future power generation will not be driven by coal.

Solar power transitioned from the formative phase in FY2017, reaching a one per cent share in India’s power mix. If India achieves its solar targets set out in the 14th National Electricity Plan (NEP14), its share is expected to increase five-fold, from five to 25 per cent in the FY 2022-32, marking a period of “accelerating growth”.

This implies that the country’s power generation growth, predominantly driven by coal in the last decade, could enter a stage with most of its power expansion over the next 10 years driven by solar and wind, provided India is on track to deliver its NEP14 targets, finds the analysis.

 As India’s solar adoption widens, there is also a growing need for a much higher level of storage capacity to be able to manage peak demand in the evenings and early mornings, underscored by recent power shortages.

“India’s electricity supply landscape is projected to change quite significantly in the next decade or so, with solar and wind likely to drive the growth in generation,” says Neshwin Rodrigues, Ember’s India Electricity Policy Analyst.

“Given their variable nature, a significant increase in storage capacity is crucial to balance generation and demand.”

As India is scaling up investments to renewable energy, the government now plans to tender 50 GW of solar and wind capacity per year in the following five financial years.

However, to achieve the ambitious NEP14 targets, India needs to increase its current annual solar capacity addition by about 36 per cent each year leading up to 2026-27.

This means that India would need to commission at least 17.5 GW in FY2024, with a further ramp-up to 41 GW by the 2027 target year.

MORE India ARTICLES

Wife ties husband to tree for taking selfie, sets him afire in Bihar village

Wife ties husband to tree for taking selfie, sets him afire in Bihar village
The villagers spotted the high flames coming from the tree and rushed to find a man shouting for help. The villagers managed to douse the flame and save his life. The villagers also nabbed the woman and informed local police about the incident.

Wife ties husband to tree for taking selfie, sets him afire in Bihar village

Fugitive Goldy Brar's aide arrested in Punjab

Fugitive Goldy Brar's aide arrested in Punjab
The Anti-Gangster Task Force of the Punjab Police has arrested gangster Harpreet Singh, a close associate of fugitive gangster Goldy Brar and mastermind of Pardeep Singh murder case of Kotkapura, Director General of Police Gaurav Yadav said on Monday. 

Fugitive Goldy Brar's aide arrested in Punjab

Priyanka Gandhi sounds poll bugle in MP with five 'tested' promises

Priyanka Gandhi sounds poll bugle in MP with five 'tested' promises
Congress General Secretary Priyanka Gandhi on Monday kick-started party's poll campaign for Madhya Pradesh Asembly polls with five promises on the line of Himachal Pradesh and Karnataka, where it won recently.  Priyanka's rally in Jabalpur also indicated that the Congress will corner the ruling BJP highlighting scams, especially alleged corruption in Mahakal Lok corridor project.

Priyanka Gandhi sounds poll bugle in MP with five 'tested' promises

Punjab aims to achieve growth rate of 7.5% by 2030: Minister

Punjab aims to achieve growth rate of 7.5% by 2030: Minister
Punjab Finance Minister Harpal Singh Cheema on Monday said the government has been drafting a vision document to achieve a rate of growth of the economy at 7.5 per cent per annum by 2030 and 10 per cent by 2047. He said this document would act as a guide for successive governments to focus their efforts and policies in the right direction.

Punjab aims to achieve growth rate of 7.5% by 2030: Minister

Three trains cancelled due to restoration work in Odisha

Three trains cancelled due to restoration work in Odisha
The SCR announced on Friday that the following trains, which were scheduled to commence journey on June 10 stand cancelled; Train Number 12551 SMVT Bengaluru- Kamakhya, 12253 SMVT Bengaluru - Bhagalpur and 12666 Kanniyakumari - Howrah.

Three trains cancelled due to restoration work in Odisha

Punjab to construct high-security digital jail near Ludhiana: CM Mann

Punjab to construct high-security digital jail near Ludhiana: CM Mann
Addressing a gathering after handing over the appointment letters to the newly recruited Jail Warders in Ladda Kothi in Sangrur, the Chief Minister said Rs 100 crore has been approved by the Government of India to set up the digital jail.

Punjab to construct high-security digital jail near Ludhiana: CM Mann