(LiveMint)
India on Tuesday announced an ambitious aim to set up 500 gigawatts (GW) of renewable energy capacity by 2030 in what could potentially help the country reshape the global energy market dynamics. The plans were revealed by ministry of new and renewable energy secretary Anand Kumar on Tuesday at the 17th meeting of the International Renewable Energy Agency (IRENA) council in Abu Dhabi.
The announcement comes against the backdrop of the National Democratic Alliance (NDA) government running the world’s largest renewable energy programme and plans to achieve 175GW of renewable energy capacity by 2022 as part of its climate commitments. India currently has an installed renewable energy capacity of around 80 gigawatts.
“India would have installed 175GW of RE (renewable energy) capacity by 2022 without taking into account large hydro and 225GW including large hydro. By 2030, India plans to establish 500GW of renewable energy capacity,” Kumar said, according to a statement issued by the renewable energy ministry.
