The Indian Government is planning to significantly boost the
renewable energy capacity addition target for the medium term as part of
its national climate change policy. According to media reports,
the government may soon announce a target to have 40% power generation
capacity based on renewable energy technologies by 2030. This would
translate to around 350 GW by 2030, pushing the country’s expected total
capacity to 850 GW power generation capacity.
India currently has an installed capacity of around 275 GW, with over
36 GW of renewable energy capacity, contributing around 13% to the
installed base. The huge boost in the country’s renewable energy target will mostly
comprise of solar (250 GW) and wind power (100 GW). Announced installed
capacity targets for 2022 are: 100 GW solar power
and 60 GW wind energy capacity. In the solar power market, the
government is planning to have several auctions, including those for 25
ultra mega solar power projects. In the wind energy sector, the
government has announced policy to open the offshore wind energy market,
and may consider competitive auctions.
The new target may be announced as part of India’s commitment for
this year’s global climate change summit in Paris. The Indian Government
has made it clear that it would not commit to any emissions reduction
or even peaking targets.
There are also reports that India may enhance its commitment to
reduce emissions intensity. It is safe to assume that any target
proposed by India would include conditions for substantial international
support. Such a huge installed capacity targets would require
unprecedented investment in India’s renewable energy market. India is
looking to raise funds through green bonds and is also looking to secure low-cost debt finance from global development banks including the International Finance Corporation, Asian Development Bank, and KfW.
http://cleantechnica.com/2015/09/23/india-aims-350-gw-renewable-energy-capacity-2030/
No comments:
Post a Comment