India might miss 2022 renewable energy goal
POWER & RENEWABLE ENERGY

India might miss 2022 renewable energy goal

India has often talked about curbing emissions and increasing forest cover to make progress toward the pledges under the Paris climate change accord. However, has not spoken much about renewable energy.

The pandemic has halted work and projects resulting in more obstacles and lesser chances of achieving the goal to increase renewable energy capacity to 175 GW by 2022. Solar and wind energies make a total of 160 GW and India can fall 36% short of achieving the target.

These numbers shed light on the structural problems faced by India towards decarbonization. The domestic power suppliers controlling almost 90% of electricity transactions struggle to handle losses creating more debt. Which further impacts their ability to purchase sufficient power to service customers, leading to deferred payments to power producers and curbing the overall growth in India.

Financial distress among the state retailers is one of the major reasons for the set target to seem out of reach. Several projects that had been auctioned by the federal government struggled to find buyers. Approximately one-fourth of wind projects which were awarded in auctions failed to take off because of problems related to distribution utilities.

According to Deloitte Touche Tohmatsu Debasish Mishra, the country needs to stop its dependency on state power distribution companies for the expansion of green capacity. If the dependency persists the climate targets will be at risk.

Image Source

India has often talked about curbing emissions and increasing forest cover to make progress toward the pledges under the Paris climate change accord. However, has not spoken much about renewable energy. The pandemic has halted work and projects resulting in more obstacles and lesser chances of achieving the goal to increase renewable energy capacity to 175 GW by 2022. Solar and wind energies make a total of 160 GW and India can fall 36% short of achieving the target. These numbers shed light on the structural problems faced by India towards decarbonization. The domestic power suppliers controlling almost 90% of electricity transactions struggle to handle losses creating more debt. Which further impacts their ability to purchase sufficient power to service customers, leading to deferred payments to power producers and curbing the overall growth in India. Financial distress among the state retailers is one of the major reasons for the set target to seem out of reach. Several projects that had been auctioned by the federal government struggled to find buyers. Approximately one-fourth of wind projects which were awarded in auctions failed to take off because of problems related to distribution utilities. According to Deloitte Touche Tohmatsu Debasish Mishra, the country needs to stop its dependency on state power distribution companies for the expansion of green capacity. If the dependency persists the climate targets will be at risk. Image Source

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?