India aims to achieve 500GW of energy through non fossil fuels by 2030. India stands at 195GW of energy through non fossil fuels as of now. What are the areas that the government needs to put more focus on to ...
India's Renewable Energy Goals for 2030 **1. Feasibility of Meeting 50% Renewable Energy Target: India's Commitment: India has set a target of achieving 50% of its energy needs from renewable sources by 2030 as part of its Nationally Determined Contributions (NDCs) under the Paris Agreement. This amRead more
India’s Renewable Energy Goals for 2030
**1. Feasibility of Meeting 50% Renewable Energy Target:
- India’s Commitment: India has set a target of achieving 50% of its energy needs from renewable sources by 2030 as part of its Nationally Determined Contributions (NDCs) under the Paris Agreement. This ambitious goal is supported by significant investments in solar and wind energy.
- Current Progress: As of early 2024, India has achieved around 25% of its total installed capacity from renewable sources, with a notable increase in solar and wind installations. For instance, India’s solar power capacity reached 64.7 GW by March 2023, and the government is actively working to expand this further.
**2. Recent Developments:
- International Partnerships: India’s involvement in international initiatives, such as the International Solar Alliance (ISA), helps in mobilizing resources and technology for renewable energy projects.
- Policy Support: Policies like the National Solar Mission and the Green Energy Corridor aim to boost renewable energy integration and grid stability.
**3. Role of Subsidy Shift in Achieving Targets:
- Reducing Fossil Fuel Dependence: Shifting subsidies from fossil fuels to renewables would reduce the financial burden on renewable energy projects and make them more competitive. Currently, fossil fuel subsidies distort market prices and delay the transition to cleaner energy.
- Encouraging Investment: Redirecting subsidies to renewables would incentivize private sector investment and lower the cost of renewable technologies. For example, the Government of India’s Production Linked Incentive (PLI) scheme for solar modules aims to enhance domestic manufacturing and reduce costs.
- Supporting Infrastructure: Subsidies can be used to develop necessary infrastructure, such as battery storage and smart grids, which are essential for managing the intermittency of renewable energy sources.
**4. Challenges and Mitigation:
- Grid Stability: Integrating a high share of renewables requires upgrades in grid infrastructure to handle variable energy supplies. Investments in smart grids and energy storage solutions are crucial.
- Policy and Regulatory Framework: Ensuring consistent and supportive policies is essential for attracting investments and achieving targets. The Renewable Purchase Obligation (RPO) mandates ensure that utilities meet renewable energy requirements.
Conclusion: Achieving the 50% renewable energy target by 2030 is feasible with continued commitment, technological advancements, and a strategic shift in subsidies from fossil fuels to renewable energy. This transition will not only support India’s climate goals but also drive sustainable economic growth.
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Model Answer Introduction India is working towards incorporating Energy Storage Systems (ESS) into its power infrastructure to support its transition towards renewable energy. ESS are critical in managing intermittent renewable energy, such as wind and solar, and ensuring grid stability. In August 2Read more
Model Answer
Introduction
India is working towards incorporating Energy Storage Systems (ESS) into its power infrastructure to support its transition towards renewable energy. ESS are critical in managing intermittent renewable energy, such as wind and solar, and ensuring grid stability. In August 2023, the Ministry of Power introduced the National Framework for Promoting ESS to boost their role in the country’s energy landscape.
Benefits of Energy Storage Systems (ESS)
Government Policy Initiatives
Conclusion
ESS play a vital role in managing India’s transition to a renewable energy-driven economy. The government’s supportive policies, such as the legal recognition of ESS and incentivizing energy storage integration, will help achieve the country’s energy security and sustainability goals.
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