October 4, 2022
Renewable Energy in India: By the end of this year, two-thirds of the target for renewable energy has been achieved

Renewable Energy 2022: By the end of this year, India had set itself a target of 175 GW of renewable energy capacity. But till last August, India has achieved two-thirds of this target. That means one third of the target is yet to be achieved by December.

At present, Gujarat is in the process of achieving this figure of two-thirds; Telangana is joined as the fourth state along with Rajasthan, and Karnataka. Even though Gujarat has now become the fourth state to meet the renewable targets of 2022, four major states, Maharashtra, Andhra Pradesh, Madhya Pradesh, and Uttar Pradesh, need to move faster to achieve this target. .

Indeed, these are revealed in the latest analysis by global energy think tank Amber. According to the report, solar is becoming the mainstream of energy transition in India. The country has experienced strong solar growth in 2022. And there has been a 22% increase in new solar installations in the first eight months of the year compared to the same period last year.

Of the new renewable capacity installations installed this year, 89% are solar based. Wind installations grew by only 7% over the previous year, which now represents only 10% of all new Renewable Energy (RE) installations so far this year. Overall, the pace of setting up of renewable establishments also slowed significantly from April 2022 onwards due to increase in customs duty. As of July 2022, India saw the lowest level of new installations since June 2020, which was before the start in August.

This analysis updates a previous report published in April and introduces a new data tool that tracks the monthly progress of Indian states and union territories on their 2022 RE targets. The data tool uses state-wise installed RE capacity data, which is published monthly by the Ministry of New and Renewable Energy (MNRE), and includes data up to August latest.

The report highlights four states that have now met their 2022 renewable capacity targets. Gujarat is the latest state to meet its 2022 RE target, surpassing its target in May 2022, joining Telangana, Rajasthan and Karnataka. Rajasthan overtook Gujarat with the highest number of installed REs in March 2022. Rajasthan and Gujarat are powering the energy transition in India. In the first eight months of this year, 49% of India’s new solar capacity was produced in Rajasthan and 63% of India’s new wind was produced in Gujarat.

The analysis also shows that by August 2022, India has set 66% of its RE target to achieve its target of 175 GW by December 2022. Only four states account for the current shortfall (58 GW) in the December 2022 target, namely Maharashtra (11.1 GW), Uttar Pradesh (9.7 GW), Andhra Pradesh (9.2 GW), and Madhya Pradesh (6.5 GW).

Moreover, if such low installation rates continue in these states, it will take decades for them to reach their December 2022 targets: 20 years for Maharashtra, 80 years for Uttar Pradesh, 44 years for Andhra Pradesh and Madhya Pradesh. for 55 years.

While India may not reach 175 GW of RES by the end of 2022, its 2030 targets of 450 GW of renewable and 500 GW of non-fossil capacity are within reach. However, this will require key states to seize the opportunity and remove barriers to renewable energy to accelerate their renewable energy deployment and contribute to the success of the national clean energy transition. India’s renewable energy future is exciting, but it requires more national and local government attention to fulfill it.

Aditya Lola, Senior Power Policy Analyst, Amber, says, “The boom in solar in India earlier this year shows how quickly change can come. It added 3.5 GW of record RE capacity in March this year For India to achieve its ambitious 2030 RE and non-fossil capacity targets, the country needs to consistently hit this all-time record set in March.”

a look at the states

Gujarat- This state is the latest state to achieve its December 2022 target. Gujarat’s success has been in the pace of construction going on there over the years. Plus, it doesn’t just rely on solar; It is one of the few states that is still building wind power, and is installing 63% of India’s new wind capacity this year.

Rajasthan – It now has the highest installed renewable electricity among all Indian states. Rajasthan accounted for nearly half of the renewable energy produced in India this year (5 gigawatts out of 11.1 gigawatts). This is after Rajasthan had already met its renewable target last December.

Tamil Nadu – It has added a little over 1GW of RE in 2022 so far, almost all of which has come from solar. Despite India having the third highest installed RE capacity, it is still short of the December 2022 target, by August 2022, by about 4GW.

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