BANGKOK: According to an analysis released on Tuesday( Oct 3 ) India needs to increase its solar energy capacity by 36 % annually for at least the next 50 years to meet its energy mix goals.
According to a report from the UK-based energy think tank Ember, it likewise urgently needs system updates and more storage space to address the intermittent nature of renewable energy sources.
However, the most populous nation in the world, which depends greatly on polluting fuel for energy production, is showing signs of progress.
India commissioned a report amount of solar capacity this year, according to Ember, and opportunities in the solar sector are increasing.
The National Electricity Plan( NEP ) of India, which was unveiled earlier this year, is used as a starting point in the report.
India will continue to rely on coal, according to the report, which spans the generation to 2032, but renewable energy sources will account for an increasing portion of its electricity blend.
In the fiscal year 2022, only 5 % of India’s total electricity generation came from renewable sources, but within ten years, 25 % will come from NEP jobs.
But in order to do that, there will need to be a significant increase in power every year for at least the following five years.
And in order to deal with the fluctuating supply of energy from resources like wind and solar, India needs better backup options.
The report cautioned that failing to do so might result in power outages and” put pressure on state and national planners to frantically approach for increasing the fuel capacity, which could lead to future lock-ins.”
India, the G20 host this year, has shied away from any plan to phase down coal after seeing its per capita coal emissions increase by 29 % over the previous seven years.