What's New :
Gist of ECONOMY SURVEY 2022-2023 Download PDF
Summary and Analysis of Union Budget 2023-2024 Download PDF

Plan to install 500 GW of renewable energy capacity by 2030 to cost Rs 2.44 trillion

  • Published
    8th Dec, 2022
Context

A committee constituted by the Central Electricity Authority (CEA) has indicated that India’s plan to install 500 GW (gigawatt) of renewable energy capacity by 2030 will involve an investment of at least Rs 2.44 lakh crore.


Details
  • The committee was tasked with setting out a plan for the transmission system required for having 500 GW of non-fossil fuel-based installed capacity by 2030.
  • The committee is headed by the Chairman of the Central Electricity Authority.

What is in the plan?

  • 8,120 km (circuit kilometer) of High Voltage Direct Current Transmission corridors
  • 25,960 ckm of 765 kV (kilovolt) AC lines
    • 15,758 km of 400 kV lines
    • 1052 km of 220 kV cable.
  • Circuit kilometers indicate the actual length of the power line needed to carry electricity.
  • Battery storage: Because renewable-energy generation is only available for a limited time every day, the plan envisages installing a battery storage capacity worth 51.5 GW by 2030.
  • Identified major upcoming non-fossil fuel generation centers:
    • Fatehgarh, Bhadla, and Bikaner in Rajasthan
    • Khavda in Gujarat
    • Anantapur and Kurnool in Andhra Pradesh.

The transmission plan is envisaged to be having the following characteristics:

  • Transparent bidding system
  • Open market
  • The expeditious dispute resolution system
  • Attractive destinations for investment in renewable energy

Present Status of Renewable Energy in India

  • The total installed capacity for renewable energy in India is 151.4 GW. The following is the breakup of the total installed capacity for Renewables:
    • Wind power: 40.08 GW
    • Solar Power: 50 GW
    • Biopower: 10.61 GW
    • Small Hydro Power: 4.83 GW
    • Large Hydro: 46.51 GW
  • Present Solar Power capacity:
    • 45 solar parks with an aggregate capacity of 37 GW have been approved in India.
    • Solar Parks in Pavagada (2 GW), Kurnool (1 GW), and Bhadla-II (648 MW) are included in the top 5 operational solar parks of 7 GW capacity in the country.
    • The world’s largest renewable energy park of 30 GW capacity solar-wind hybrid project is under installation in Gujarat.

Promoting Clean Energy and Climate Change

  • India has progressively decoupled economic growth from greenhouse gas emissions. For example:
    • Net Zero Emissions target by 2030 by Indian Railways
    • UJALA LED bulb campaign
    • National Hydrogen Mission
  • Major programs:
    • National Solar Mission (NSM)
    • Pradhan MantriKisanUrja Suraksha evamUtthaanMahabhiyan (PM-KUSUM)
    • Atal JyotiYojana (AJAY) Phase-II
    • Solar Parks Scheme
    • National Biofuel Policy
  • Future Goals:
    • Increasing renewables capacity to 500 GW by 2030
    • Meeting 50% of energy requirements from renewables
    • Reducing cumulative emissions by one billion tonnes by 2030, and
    • Reducing emissions intensity of India’s gross domestic product (GDP) by 45% by 2030.
X

Verifying, please be patient.

Enquire Now