India adds record 18 GW renewable energy (RE) capacity in FY24 | Current Affairs | Vision IAS
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    India adds record 18 GW renewable energy (RE) capacity in FY24

    Posted 16 Apr 2024

    2 min read

    • India's RE increased 21% from previous year, primarily driven by solar installations of 12.78 GW and wind energy of 2.27 GW.
      • Installed RE capacity has increased from 76.37 GW in 2014 to 178.98 GW in October 2023, i.e. an increase of around 2.34 times.

     

    • RE targets in India
      • India aims reaching a non-fossil fuel energy capacity of 500 GW by 2030 and 
      • fulfilling at least half of its energy requirements via RE by 2030.

     

    • Steps Taken
      • Setting up of Ultra Mega Renewable Energy Parks, to provide land and transmission to RE developers on plug and play basis.
      • Schemes: PM-KUSUM, PLI Scheme under ‘National Programme on High Efficiency Solar PV Modules, National Bioenergy Programme etc. 
      • Promoting RE through Green Energy Open Access Rules 2022.
      • Wind-Solar Hybrid Policy 2018.

     

    • Challenges
      • Variability and unpredictability of RE sources.
      • High Costs.
      • Need to develop new infrastructure.
      • Poor financial condition of power distribution companies.
      • Transmission and grid integration issues.
      • Unequal geographical adoption of renewables.

     

    Installed capacity for Renewables (accounting 41.4% Of India’s total energy mix)

    • Wind power: 45.15 GW
    • Solar Power: 75.57 GW
    • Biomass/Co-generation: 10.2 GW
    • Small Hydro Power: 4.99 GW
    • Waste To Energy: 0.58 GW
    • Large Hydro: 46.92 GW
    • Tags :
    • Renewable Energy
    • Renewable Energy Targets
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