Half of the electricity to be from renewable sources by 2027
While India may have committed to the world to have half of its installed electricity come from renewable sources by 2030, a Central Electricity Authority (CEA) estimate of the country’s estimated power consumption released on Wednesday indicates that this objective may be met sooner, by 2026–2027.
Points to Ponder:
- India’s goal of obtaining half of its installed electricity from renewable sources by 2030 may be accomplished earlier than anticipated, by 2026–2027, according to the Central Electricity Authority (CEA) in India.
- The National Electricity Plan (NEP), a five-year plan by the CEA, evaluates the issues, projected growth, and electricity demands of India.
- The NEP predicts that the percentage of non-fossil-based capacity will rise to 57.4% by the end of 2026–2027 and may perhaps reach 68.4% by the end of 2031–2022. As of April 2023, this represents a huge increase from the current level of almost 42.5%.
- It’s vital to remember that generated power is not equivalent to installed capacity. The efficiency of various energy sources varies, and not all sources are always accessible.
- Solar and wind energy are both renewable energy sources, however, only solar electricity is available during the day.
- Considering these variables, the NEP predicts that by 2026–2027 and 203–31, respectively, the share of electricity produced by renewable sources will be around 35.04% and 43.96%.
- The NEP’s goals have been labelled as ambitious but doable by outside experts.
- The recent declaration by the Indian government that it will install 50 GW of renewable energy capacity annually reinforces the viability of meeting the renewable energy targets.