175 GW from Renewable Energy by 2022: Is India too ambitious?

  India has missed several interim milestones since it announced its 175 GW target in 2015.

-       Whether India will be able to meet its target of 40 percent of power from renewable energy (RE) by 2030. 

Details

-       The break-up of India’s 2022 renewable energy target, as per public data, includes 100 GW from solar and 60 GW from wind power

-       The country installed around 60 GW renewable power capacity by November 2017, of which 27 GW, or 43.5 percent, was installed over four years from May 2014.

-       It has been observed that after 2 years of growth in implementing renewable projects, there has been a slowdown in new capacity additions – the reasons being diversion of a national clean-energy cess to subsidise GST-induced losses and a new import duty to protect domestic manufacturers of solar equipment.

-       Those changes have not taken place in the policy yet and there is a slowdown.

-       This is also due to issues such as power purchase agreements which have been signed but not executed.

-       The break-up of India’s 2022 renewable energy target, as per public data, includes 100 GW from solar and 60 GW from wind power.

-        The country installed around 60 GW renewable power capacity by November 2017, of which 27 GW, or 43.5 percent, was installed over four years from May 2014.

-       It has been observed that after 2 years of growth in implementing renewable projects, there has been a slowdown in new capacity additions – the reasons being diversion of a national clean-energy cess to subsidise GST-induced losses and a new import duty to protect domestic manufacturers of solar equipment.