Not easy for India to meet renewables target by 2030: IEA
POWER & RENEWABLE ENERGY

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

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.

See also:
GUVNL releases tender for 300 MW of wind projects
50 lakh smart meters installed in India; highest in UP, Bihar


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. See also: GUVNL releases tender for 300 MW of wind projects50 lakh smart meters installed in India; highest in UP, Bihar

Next Story
Infrastructure Energy

Tata Power Installs 850+ EV Charging Points, Supports 2300 E-Buses in India

Tata Power has significantly bolstered India's electric vehicle (EV) infrastructure by deploying over 850 EV charging points and supporting 2300 electric buses across the country. This initiative underscores Tata Power's commitment to promoting sustainable mobility solutions and enhancing EV adoption nationwide. The EV charging points, strategically located in key urban and semi-urban areas, aim to facilitate convenient and widespread access to charging facilities for electric vehicle users. Tata Power's extensive network of charging stations plays a crucial role in addressing range anxiety a..

Next Story
Real Estate

$57M Mansion Once Owned by China Evergrande's Chairman Sold

A luxury mansion in London, once owned by Hui Ka Yan, chairman of beleaguered Chinese property developer China Evergrande Group, has been sold for $57 million. Located in the exclusive Knightsbridge area, the mansion was part of Hui?s extensive property portfolio. The mansion's sale follows a series of high-value asset disposals by Hui, aimed at addressing Evergrande's financial troubles. The property features luxurious amenities, including multiple bedrooms, expansive living spaces, and a swimming pool, epitomizing opulence. China Evergrande, once one of China's largest property developers,..

Next Story
Equipment

Noida: 131 Societies Lack Proper Fire Safety Equipment

In a recent inspection, authorities in Noida have found that 131 residential societies lack adequate fire safety equipment, raising significant concerns about residents' safety. The findings were part of a broader fire safety audit conducted across the city to ensure compliance with safety regulations. The audit revealed that these societies either lacked essential fire safety equipment such as fire extinguishers, hydrants, and smoke detectors, or had non-functional systems. Many buildings were also found to have blocked or poorly maintained emergency exits, which could hinder evacuation effo..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000

Join us Telegram