As your entire world is crusing in direction of a sustainable future by steadily pursuing the energy transition journey, a brand new evaluation has stated that India needs to scale up its solar energy capacity by not less than 36 p.c a 12 months for not less than the following half-decade to meet its energy combine targets.
In its current report, UK-based energy suppose tank Ember stated that Asia’s second-largest economic system must also improve its solar energy vegetation to take care of the intermittent nature of renewable energy sources.
The report added that India must also require higher storage options to deal with the variable provide of sources like solar and wind to efficiently materialize its renewable targets.
On the optimistic facet, the British group famous that India is reaching regular progress when it comes to implementing renewable energy vegetation within the nation.
According to the report, investments within the renewable sector are rising in India, and the nation has commissioned a document quantity of solar capacity in 2023.
The report added that India’s just lately launched National Electricity Plan is a place to begin which can assist the nation obtain its renewable targets within the coming years.
Even although India will depend on coal-generated energy within the close to time period, the proportion of renewables within the energy share will witness a drastic rise, the report added.
While solar accounted for simply 5 p.c of India’s whole electrical energy technology in 2022, the implementation of NEP tasks will assist to increase this to 25 p.c by 2032.
India has already dedicated to a aim of 500 GW renewable energy capacity by 2030. Moreover, the nation additionally goals to produce 5 million tonnes of inexperienced hydrogen by the top of this decade.
Earlier in September, the Economic Times, citing folks accustomed to the matter had reported that India is aiming to produce 25 million tons of inexperienced hydrogen yearly by 2047.
India’s large enlargement to improve inexperienced hydrogen manufacturing is to curb energy imports and wean the economic system off fossil fuels to meet local weather targets, the report added.