The share of India’s renewable energy capacity is 162 GW, which is 41% of the 402 GW installed.
The share of India’s renewable energy capacity is 162 GW, which is 41% of the 402 GW installed.
At the Sydney Energy Forum in Sydney, Australia on July 13, Energy Minister RK Singh said that India has achieved the clean energy target nine years ahead of schedule. India has installed 162 GW (1 GW is 1000 MW) of renewable energy capacity which is 41. % of installed 402 GW of electricity.
“We reached this target on November 2021 and what our Prime Minister did was ask us to increase our ambition and therefore our Prime Minister in Glasgow (at UN COP-21) to install 500 GW of renewable energy by 2030 Committed, which will then be 50 percent of installed capacity. Despite having the lowest per capita emissions in the world, we have invested in this energy transition because our traditions teach us to respect and care for our environment. We do so for economic reasons. Not doing so,” Mr. Singh said. In 2015, India was committed to ensuring that 40% of its energy would be from renewable sources by 2030 as part of the Nationally Determined Contribution (NDC).
Ministers from the United States, Japan, India, Indonesia and the Pacific island nation of Samoa are participating in the forum along with leaders of leading companies that are committed to low-emission technologies.
The Forum, said in a statement from the Australian government, “will foster relationships between investors, business and government, with a focus on innovations in key clean energy technologies such as solar, hydrogen, critical minerals and batteries.”
The energy crisis that has gripped the world is “once for some time” and is not only due to the Russo-Ukraine war but also to “cartelization in the fossil fuel industry”. He said renewable energy promised to break up these cartels, although it was possible that new such cartels would form in manufacturing and equipment and that the world would have to take steps to ensure that these did not mix.