Share of solar, wind energy in generation capacity mix rise to 26 per cent as of March 2023: CEA
Notable because
In its latest nationally determined contributions (NDCs), India committed to achieving 50 per cent of the installed generation capacity from non-fossil fuel-based resources by 2030. As of FY23, the share of non-fossil-fuel-based generation capacity crossed the 40 per cent mark, and the share of coal-based generating capacity continued to decline. In GW terms, the non-fossil fuel-based generation capacity reached 172.1 GW versus the 500 GW target.
What to look out for in the months ahead
In a move to achieve the 500 GW target, in April 2023, the Ministry for New and Renewable Energy (MNRE) announced the RE bidding trajectory. It directed implementing agencies to conduct bids of 50 GW annually till FY28. What steps will be taken to increase the share of variable RE in the grid and ensure the grid'’s security and reliability?