India announced to achieve more than 450 GW renewables by 2030
This implies that the 2030 target would necessitate a compound annual growth rate of over 17 percent.
New Delhi: India has recently announced to achieve more than 450 Gigawatt (GW) of renewables by 2030. In contrast, the current installed power capacity in the country currently stands at 370 GW, which includes about 88 GW of renewables.
This implies that the 2030 target would necessitate a compound annual growth rate of over 17 percent. This may be a tough task, especially in light of the fact that the country is likely to miss its target of 175 GW of renewables by 2022.
However, it is preceded by the technical challenge of integrating such a vast amount of renewable energy into the grid. This is especially true given the fact that the Central Electricity Authority (CEA) has suggested that India does not need any further thermal power plants, so incremental capacity must come from renewables.
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