India must add 225 GW of renewable energy to meet 2031 goals
POWER & RENEWABLE ENERGY

India must add 225 GW of renewable energy to meet 2031 goals

India needs to add 224.9 GW of renewable energy generation capacity by 2032 to meet the peak demand and energy requirement for the financial year 2031-32, according to the draft National Electricity Plan published by Central Electricity Authority (CEA).

Stakeholders have been asked to submit their comments and suggestions by December 5, 2022.

India has achieved a cumulative installed renewable energy capacity (including large hydro) of 159.81 GW. The projected all-India electrical energy requirement and peak electricity demand are estimated as 1,874 billion units (BU) and 272 GW for the year 2026-27 and 2,538 BU and 363 GW for 2031-32.

The capacity addition required during 2022-27 to meet the peak demand and energy requirement for 2026-27 is 228.54 GW, comprising 40.63 GW of conventional capacity and 187.9 GW of renewable capacity, including large hydro (10.95 GW), solar (132.08 GW), wind (40.5 GW), biomass (2.31 GW), and pumped storage projects (2.7 GW). This estimate excludes 5.85 GW of likely hydro-based imports.

The draft states that the estimated renewable energy installed capacity will likely be 344.51 GW by 2026-27 and 569.42 GW by 2031-32.

Based on the projections of capacity addition targets from renewable sources by 2026-27 and considering a renewable capacity addition of 224.9 GW between 2027 and 2032, expected electricity generation from various renewable sources has been estimated at 667.2 BU by 2026-27 and 1144.4 BU by 2031-32. The contribution of renewables will be around 35.6% of the country’s total energy in 2026-27 and 45.09% by 2031-32.

See also:
KPI acquires 4.20 MW wind-solar hybrid power project
SECI to set up energy storage systems; invites R&D proposals


India needs to add 224.9 GW of renewable energy generation capacity by 2032 to meet the peak demand and energy requirement for the financial year 2031-32, according to the draft National Electricity Plan published by Central Electricity Authority (CEA). Stakeholders have been asked to submit their comments and suggestions by December 5, 2022. India has achieved a cumulative installed renewable energy capacity (including large hydro) of 159.81 GW. The projected all-India electrical energy requirement and peak electricity demand are estimated as 1,874 billion units (BU) and 272 GW for the year 2026-27 and 2,538 BU and 363 GW for 2031-32. The capacity addition required during 2022-27 to meet the peak demand and energy requirement for 2026-27 is 228.54 GW, comprising 40.63 GW of conventional capacity and 187.9 GW of renewable capacity, including large hydro (10.95 GW), solar (132.08 GW), wind (40.5 GW), biomass (2.31 GW), and pumped storage projects (2.7 GW). This estimate excludes 5.85 GW of likely hydro-based imports. The draft states that the estimated renewable energy installed capacity will likely be 344.51 GW by 2026-27 and 569.42 GW by 2031-32. Based on the projections of capacity addition targets from renewable sources by 2026-27 and considering a renewable capacity addition of 224.9 GW between 2027 and 2032, expected electricity generation from various renewable sources has been estimated at 667.2 BU by 2026-27 and 1144.4 BU by 2031-32. The contribution of renewables will be around 35.6% of the country’s total energy in 2026-27 and 45.09% by 2031-32. See also: KPI acquires 4.20 MW wind-solar hybrid power projectSECI to set up energy storage systems; invites R&D proposals

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Next Story
Real Estate

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

Next Story
Infrastructure Urban

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?