Not easy for India to meet renewables target by 2030: IEA

28 Oct 2022 CW Team

India faces a major challenge in meeting rising electricity demand with renewables and nuclear energy on a large enough scale to replace coal-fired generation, according to the International Energy Agency (IEA).

In its report ‘World Energy Outlook 2022’, the IEA predicted that India would see the largest increase in energy demand of any country, with an increase in population due to urbanisation and industrialisation.

India is progressing towards a renewable energy capacity target of 500 gigawatts (GW) by 2030 to meet nearly two-thirds of the country’s rapidly rising demand for electricity. However, the sheer scale of its development means that the combined import bill for fossil fuels doubles over the next two decades in the Stated Policies Scenario (STEPS), with oil by far the largest component.

Coal demand in the STEPS is expected not to peak until the early 2030s, when the deployment of renewables in the power sector speeds up. In the Announced Pledges Scenario (APS), this peak occurs in the late 2020s, and the subsequent decline in coal demand is considerably steeper.

Government programmes such as the Gati Shakti National Master Plan and the Self-Reliant India scheme, and strong economics underpin robust growth in renewables and electric mobility, notably for two/three-wheelers. Renewables meet more than 60 per cent of the growth in demand for power, and account for 35 per cent of the electricity mix by 2030. Solar PV alone accounts for more than 15%. However, coal still meets a third of overall energy demand growth by 2030, and oil, mainly for transport, another quarter.

Equipment

09 Jan 2026

BKT Partners All Teams in India’s Women’s T20 League

Balkrishna Industries (BKT), a global leader in the off-highway tyre market, announced its association as the Official Tyre Partner for all five teams competing in India’s premier women’s T20 championship – Mumbai Indians, Royal Challengers Bangalore, Delhi Capitals, Gujarat Giants, and UP Warriorz – for the upcoming season. This move reinforces BKT’s commitment to using sport as a platform for inclusion, opportunity, and long-term development.These partnerships reflect BKT’s belief in the transformative power of sport, particularly in advancing women’s participation and creating..

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..