Renewable energy crucial for sustainable development and climate change mitigation. India aims to reach 500 GW non-fossil capacity including 450 GW renewables by 2030. Would reduce emissions by 30% through increased clean energy deployment
Wind Energy Expansion
- Allocate land to set up 18 GW new wind energy capacity pan-India
- Facilitate offshore wind projects through auction of blocks
- Provide incentives for manufacturing of offshore wind equipment
- Solar-wind hybrid projects to ensure optimal utilization of transmission infrastructure
Solar Power Growth Roadmap
- Enhance solar target to 330 GW by 2030 from the previous 100 GW
- 40 GW Rooftop solar projects through residential, social and government buildings
- Encourage domestic manufacturing by tax concessions to suppliers
- Enable renewables plus battery storage projects for 24×7 clean energy supply
Other Renewables
- Boost bioenergy output from agriculture waste, cattle dung up to 25 GW
- Raise hydro capacity to 75 GW through pumped storage and floating projects
- Explore potential of green hydrogen, tidal, geothermal over long term
Financing Renewable Energy Projects
- Mobilize over $500 billion funding through market linked schemes
- Introduce Renewables Investment Facilitation Agency for transparent financing
- Support state governments through additional allocation of funds
Building Ancillary Infrastructure
- Augment transmission capacity by 90 GW through green energy corridors
- Facilitate open access through trading platforms for surplus renewable energy
- Waive inter-state transmission charges up to 2030 for solar/wind power
Enabling Policy Environment
- Review bidding norms to expedite project allocation and adoption
- Ensure timely land acquisition support through online portal for Detailed Project Reports
- Address evacuation and access issues proactively through consultations with developers
| Installed Capacity Goal by 2030 | |
| Wind | 140 GW |
| Solar | 330 GW |
| Other Renewables | 75 GW |
| Total | 545 GW |
Current Renewable Energy Capacity
- India currently has over 156 GW of installed renewable energy capacity
- Wind power constitutes the highest share at 40 GW followed by solar power at 36 GW
- Other renewables like bioenergy, small hydro and waste-to-energy have over 33 GW
Investments and Jobs Creation
- Over $70 billion has been invested in India’s renewable sector since 2014
- The sector employs over 1.1 million people directly and indirectly
- Renewable energy projects attracted max foreign equity inflow from Singapore, US, Mauritius
Global Leadership Ambitions
- India aims to position itself as renewable energy manufacturing and export hub
- One of the lowest solar and wind power generation costs globally at under 3 cents per unit
- Among top 3 countries in renewable energy capacity additions over last 5 years
Emerging Areas
- Green Hydrogen: Target of producing 1 GW green hydrogen using renewables by 2030
- Offshore wind: Facilitate development through leasing of offshore wind blocks
- Batteries Storage: 4 GW worth battery storage projects to stabilize grid with higher renewable penetration
The falling costs, supportive policies and climate change priorities have made renewable energy streamline into the mainstream.
- With its ambitious 2030 vision backed by policy action India can usher in clean energy dominance while also fueling economic growth through manufacturing and exports.
- With the aim to more than triple existing renewable energy capacity by 2030, the government has charted an ambitious roadmap leveraging all available avenues.
- With the right policy interventions and investments, this renewable energy transformation can enable long term energy security and sustainability for India while also meeting global climate change commitments.