India Surpasses 44 Percent Non-Fossil Fuel Electricity Capacity
As of October 31, 2023, the country has successfully installed 186.46 GW capacity from non-fossil fuel-based energy resources, encompassing 178.98 GW from Renewable Energy and 7.48 GW from Nuclear Power.
December 07, 2023. By Abha Rustagi
The Union Minister for New & Renewable Energy and Power R.K. Singh disclosed that, as per the updated Nationally Determined Contributions submitted to the United Nations Framework Convention on Climate Change, the Indian government is committed to achieving 50 percent non-fossil based installed electricity capacity by 2030.
This comprehensive information was shared by Minister Singh in a written reply to a question in the Rajya Sabha.
As of October 31, 2023, the country has successfully installed 186.46 GW capacity from non-fossil fuel-based energy resources, encompassing 178.98 GW from Renewable Energy and 7.48 GW from Nuclear Power.
Additionally, a substantial pipeline is in progress, with 114.08 GW capacity under implementation and 55.13 GW under tendering. The share of non-fossil fuel sources in India's total installed electricity generation capacity has surged to 43.82 percent.
The government has implemented various measures to foster the growth of renewable energy, including permitting 100 percent Foreign Direct Investment (FDI) under the automatic route, waiving Inter State Transmission System (ISTS) charges for inter-state sale of solar and wind power, and specifying the minimum share of consumption of non-fossil resources by designated consumers.
Several impactful schemes and projects, such as Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), Solar Rooftop Phase II, and the 12000 MW CPSU Scheme Phase II, are actively promoting the renewable energy landscape. The creation of Ultra Mega Renewable Energy Parks, the Green Energy Corridor Scheme, and the National Green Hydrogen Mission further underscore India's commitment to becoming a global leader in renewable energy production and utilization.
The Ministry of New & Renewable Energy is diligently allocating and utilizing funds for the development and deployment of renewable energy projects. Private sector developers, selected through transparent bidding processes, are playing a crucial role in setting up most utility-scale renewable energy projects across the country.
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