India are planning to set up 175 Gigawatts of renewable energy by 2022 to its electricity grid. Moreover, it will achieve up to 450 Gigawatts of renewables by 2030. It is because India wants to lessen dependence on coal, and domestic energy is being increased. Also, it is as part of its fight against climate change and sustainability.
There is an information that India is the world’s third-largest emitter of greenhouse gases and has pledged to cut emissions and have clean energy account for at least 40% of its installed capacity by 2030, up from 21.4% now.
R. K. Singh, The Ministry of Power, announced that India has a huge potential because the energy demand is here. The energy demand will grow at the rate of 7, 8 or 9 per cent. Consequently, he had confidence that India will achieve 175 Gigawatts of renewable energy target by 2022. At a ministerial panel discussion at Indian Energy Forum said in New Delhi.
“The target of having 175 Gigawatts of renewable energy by 2022 looks huge. But, today we have established 83 Gigawatts clean energy. About 29 Gigawatts of renewable energy is under installation. That makes it 112 Gigawatts and under about 30 Gigawatts is under bid. So that makes the 175 Gigawatts of renewables. I am very confident that we would make it (175 Gigawatts of renewables by 2022), he said.
He also spoke about Prime Minister Narendra Modi’s recent announcement that India will have 450GW of renewables by 2030.
According to Modi’s administration, India is improving electrification among India’s poor rural communities and major metropolises are also demanding more energy.
To substantiating the claim of prospects of rise in energy demand in India, he said, “In past 16 months, we electrified 26.6 million homes. Now all that power demand is coming on line. In which of our per capita demand is much lower than the developed countries.”
Nevertheless, Prahlad Joshi, the Minister of Coal, said “Coal will be there for next 20 to 30 years. For manufacturing, 55 per cent of the energy basket is coal.”
About investment potential in coal mining in India, he said, “FDI policy for coal is already announced. It is on track. But global investors come for bigger coal blocks. We are deliberating on this. Now for attracting global investors, we have to bring some policy within the ministry.”
Piyush Vedprakash Goyal, The Minister of Commerce and Industry, also spoke about the relevance of coal in the energy mix and said India needs to have coal as base load in power sector.
Therefore, R. K. Singh, said the whole premise of discussion about the use of fuel needs to be changed and now everyone should talk about reducing emissions instead. He was of the view that new technologies can be used to reduce emission from coal.