Solar and wind energy are expected to provide approximately 11% of America’s energy in 2019.
Renewable Energy News.
India-Norway Business Summit 2019 in New Delhi.
The initiatives taken by the Ministry of New and Renewable Energy (MNRE) serves as an example of the value that can be achieved when state-of-the-art technology and an environmentally conscious attitude are combined. Good design decisions and intelligent use of natural resources like the Sun or the wind provide the platform, but the support of suppliers with the urgency to understand that technology on its own is no longer enough to provide the glue that welds everything together.
As per Anand Kumar, secretary, MNRE, India aims to achieve its goal of 40 per cent electricity generation from non-fossil fuels by 2030. It is, therefore, planning to bid out 500 GW of renewable energy generation capacity by 2028.
Of this, 350 GW would come from solar, 140 GW from wind, and the remaining from small hydro, biomass, he added.
“This figure excludes large hydro. If we take large hydro into account the figure will grow to 560 GW to 575 GW. To reach this figure we have to bid out 30 GW of solar energy and 10 GW of wind energy every year,” Kumar said.
He further added that if the country’s Gross Domestic Product (GDP) grows at a rate of 6.5 per cent, the requirement for electricity generation capacity would reach 840 GW by 2030.
“Out of 840 GW, we plan to install a little more than 500 GW in renewables. We have installed 75 GW renewable energy capacity in the country and another 46 GW is under various stages of installations,” added Kumar.
He also said that if large hydro projects were considered under renewable energy, additional 46 GW would be in the process of installation, taking the total figure to 163 GW.
The existing 75 GW base of green energy capacity constitutes around 22 per cent of the total installed power generation capacity.
Kumar said that the share of non-fossil fuel based capacity in total would be 33 per cent by 2022 without considering large hydro plants. The country would achieve 40 per cent by 2022 itself rather than 2030 in case large hydro is also taken into account.
Coal/Fossil fuels being replaced by renewables. Nuclear option, too, may soon become redundant. Renewables- the best thing to have happened in the history of human civilization for Man’s energy needs – may now prove to be true.