India has bold plans of expanding renewable energy capacity to
fulfil its growing energy demands and reducing
carbon footprint. Currently, India is the world’s fourth largest wind power and solar market. The Ministry
of New and Renewable Energy (MNRE) has targeted installations of 175 GW in renewable
energy capacity by 2022.
As reported by the Central Electricity Authority (CEA), the
coal-based generation capacity in India is 60.61 percent of the total installed
capacity of 307,688 MW as on October 31, 2016. The total thermal power
generation stands at 69 percent with a capacity of 212,469 MW. Renewable energy
sources make up 15 percent with a capacity of 46,327 MW. Hydro makes up 14
percent accounting for 43,112 MW of the total power generated in the country.
The government of India is considering inclusion
of large hydro in renewables, if it is approved, renewables will account
for almost 30 percent of the entire power generated in India.
Nuclear power has a total capacity of 5,780 MW and is 1.88
percent of total installations. The capacity hasn’t
changed but the percentage share has fallen as installation and generation in
other sectors have increased.
The government’s push
towards solar is beginning to show results. With 8.7 GW of solar energy
installed as on October 2016, solar represented 2.8 percent of the net installed capacity
in India. Solar also accounted for almost 19 percent of all renewable energy
and programs by the MNRE and the state
nodal agencies have spurred activity in the renewables sector in India.