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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