India's Renewable Energy Shift: Balancing Risks and Opportunities
Key Ideas
  • India's solar power capacity has grown significantly by over 25 times from 2014 to 2023, as per the Economic Survey 2023-2024.
  • Authorities emphasize the importance of supplementing renewables with non-fossil fuel sources like nuclear, biofuels, and hydrogen to address risks like intermittency and grid integration.
  • The report highlights the need for India to focus on cleaner coal technologies and efficient energy solutions to minimize risks and adhere to low-emission pathways.
  • Initiatives such as coal gasification, coal bed methane extraction, coal to hydrogen exploration, carbon capture, and coal beneficiation are underway to support energy diversification.
The government of India has announced significant growth in the country's solar power capacity in the Economic Survey 2023-2024, showing an increase of over 25 times from 2014 to 2023. While acknowledging this progress, authorities have also highlighted the risks associated with a massive shift towards renewables. Challenges such as intermittency, grid integration, backup power generation, and storage are noted, emphasizing the need for diversification with non-fossil fuel sources like nuclear, biofuels, and hydrogen. The report also points out the importance of investing in cleaner coal technologies and more efficient energy solutions to mitigate risks and align with low-emission goals. Initiatives including coal gasification, coal bed methane extraction, coal to hydrogen projects, carbon capture, and coal beneficiation through washeries are identified as steps towards energy diversification and sustainability. By balancing the opportunities presented by renewable energy growth with the challenges it poses, India aims to enhance its energy security and environmental commitments.
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