India likely to exceed target set for power capacity: Report


India likely to exceed target set for power capacity: Report

India, which is aggressively pushing its policy of adding renewable energy to its energy profile, is likely to obtain 63 per cent of its installed power capacity from non-fossil fuel sources, including hydroelectricity, by 2029-30, according to a new report.

This would significantly exceed the country’s Paris agreement target of a 40 per cent share of installed power capacity from non-fossil fuel sources by 2030.

The Institute for Energy Economics and Financial Analysis (IEEFA) said this in a release, quoting the Central Electricity Authority (CEA) report. The report projects India would overachieve its Paris agreement targets by 60 per cent, the release said.

The CEA conducted the study to estimate the optimal generation capacity mix under various technology options Read More

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