REN21 is the only global renewable energy community of actors from science, governments, NGOs and industry.
Conclusion
Today, the criticality of renewable energy cannot be overemphasized given that it balances the three crucial goals of the Indian economy: rapid pace of growth, tackling pollution and meeting our global commitments on climate change.
In the Paris Agreement India has committed to an Intended Nationally Determined Contributions target of achieving 40% of its total electricity generation from non-fossil fuel sources by 2030. The country is aiming for even more ambitious target of 57% of the total electricity capacity from renewable sources by 2027 in Central Electricity Authority’s strategy blueprint. According to 2027 blueprint, India aims to have 275 GW from renewable energy, 72 GW of hydroelectricity, 15 GW of nuclear energy and nearly 100 GW from “other zero emission” sources.
Not surprisingly, the sector has been at the centre of policy attention and the Indian government has been focusing on several enablers to help unleash its full potential. However, far from being complacent, we need to identify the areas where the sector is still deficient or needs support and address those gaps at the earliest opportunity through strategic interventions.