India's Energy Evolution: From Coal to Renewables, A Path to Sustainability
Key Ideas
  • India's energy consumption set to increase significantly in the next decade, with a focus on renewable energy technologies like wind, solar, and hydrogen electrolysers.
  • Government commitment to deploy 500 GW of non-fossil fuel power generation capacity by 2030 signals a shift towards cleaner energy sources.
  • Renewable energy investments surpassing fossil fuels and the decreasing cost of renewables highlight the country's transition towards sustainable energy solutions.
  • Energy efficiency measures and energy storage projects demonstrate the potential to reduce additional load during peak hours and enhance grid reliability.
The India Energy and Climate Centre's recent report highlights India's evolving energy landscape, projecting a substantial increase in energy consumption driven by industrialization and urbanization. Despite lagging in energy infrastructure investment compared to other economies, India is aiming to bridge the gap with a focus on renewable energy sources like wind turbines, solar PV cells, and hydrogen electrolysers. The country's per capita electricity consumption is below the global average, but total electricity demand is expected to double by 2030, with a significant increase in demand for cooling appliances. Prime Minister Modi's commitment to deploy 500 GW of non-fossil fuel power generation capacity by 2030 at COP-26 indicates a strong push towards cleaner energy. Furthermore, India has surpassed investments in renewables over fossil fuels for five consecutive years, showcasing a shift towards sustainability. Despite coal's dominance in electricity generation, renewables are becoming cost-competitive, even in regions previously deemed unsuitable for renewable energy production. The report emphasizes the importance of energy efficiency measures and highlights the potential of energy storage projects to alleviate peak demand and enhance grid stability.
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