The 450 GW of renewable energy capacity by 2030, signals a huge increase in India's clean energy ambition. That's over five times of India’s current renewable capacity (82.5 GW) and higher than India’s current total installed capacity of 362 GW.
Prime Minister Modi’s announcement is also consistent with statements made by senior government officials indicating higher renewable energy targets. Government reports are also charting future clean energy growth. The Central Electricity Authority (CEA)’s National Electricity Plan (NEP) 2018 had already projected a higher share of renewables (44%) compared to coal (38%) in 2027. CEA’s draft report on Optimal Generation Capacity Mix for 2029-30 finds that if the 450 GW of renewables target is met, renewable energy will for 54%—over half—of India’s installed electricity capacity in 2030. Whereas total non-fossil fuel (which includes large hydro, nuclear, solar, wind, and biomass) will have a 65% share—this is 25% more that India’s commitment in Paris.
The Leadership Panel would bring together top Industry Leaders to share their insights on these emerging trends, renewable energy roadmaps, future energy mix scenarios & the bright spots in India's journey towards sustainable energy!