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Renewable Based Capacity in India would Reach 336553 MW by 2027, says National Electricity Plan

Based on generation planning studies carried out under the purview of preparation of NEP for the period of 2022-27, the likely installed capacity for the year 2026-27 is 609,591 MW comprising of 336,553 MW of renewable based capacity.

June 01, 2023. By Anurima Mondal

The Central Electricity Authority (CEA) has notified the National Electricity Plan (NEP) (Vol-I Generation) for the period of 2022-32. The plan document includes the review of 2017-22, a detailed plan for 2022-27 and the prospective plan for 2027-32.

According to the NEP document, the projected peak electricity demand and electrical energy requirement is 277.2 GW and 1907.8 BU for the year 2026-27 and 366.4 GW and 2473.8 BU for the year 2031-32 as per 20th Electric Power Survey (EPS) Demand projections. The energy requirement and peak demand are inclusive of the impact due to increased adoption of electric vehicles, installation of solar roof tops, production of green hydrogen, Saubhagya scheme, etc.

Based on generation planning studies carried out under the purview of preparation of National Electricity Plan for the period of 2022-27, the likely installed capacity for the year 2026-27 is 609,591 MW comprising of 336,553 MW of renewable based capacity (large hydro-52,446 MW, solar-185,566 MW wind-72,895 MW, small hydro-5,200 MW, biomass-13,000 MW, pump storage plants-7446 MW) along with BESS capacity of 8,680 MW/34,720 MWh.

The likely Installed Capacity for the year 2031-32 is estimated to be 900,422 MW comprising of 596,275 MW of renewable based capacity (large hydro-62,178 MW, solar-364,566 MW, wind-121,895 MW, small hydro-5450MW, biomass-15,500 MW, PSP-26,686 MW; excluding 5856 MW of likely hydro based imports) along with BESS capacity of 47,244 MW/236,220 MWh.

The projection of total capacity addition is in line with the target of the country to achieve a non-fossil based installed capacity of around 500 GW by the year 2029-30.

NEP envisages that the share of non-fossil based capacity is likely to increase to 57.4 percent by the end of 2026-27 and may likely to further increase to 68.4 percent by the end of 2031-32 from around 42.5 percent as on April 2023.

As per the National Electricity Plan projections, the energy storage capacity of 16.13 GW/82.37 GWh with PSP based storage of 7.45 GW capacity and 47.65 GWh storage and BESS based storage of 8.68 GW/ 34.72 GWh is required by the year 2026-27. The storage capacity requirement increases to 73.93 GW (26.69 GW PSP and 47.24 GW BESS) with storage of 411.4 GWh (175.18 GWh from PSP and 236.22 GWh from BESS) by the year 2031-32.

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Cogeneration

National Electricity Plan

Central Electricity Authority

Renewable energy generation target

Renewable Energy in India