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The government aims to raise the share of non-fossil fuel in India's electricity generation capacity to 50% by 2030, according to MNRE Secretary Bhupinder Singh Bhalla. Currently, non-fossil fuel-based capacity constitutes about 42% of India's installed energy generation. Bhalla mentioned this during his address at the World Hydrogen Summit 2024 in Rotterdam, Netherlands, on May 15, 2024. He highlighted a 10.79% increase in non-fossil fuel-based capacity addition in 2023-24 compared to the previous year.
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India's power generation capacity saw growth in both fossil fuel-based and non-fossil fuel-based sources in FY24. Fossil fuel capacity rose to 243.22 GW while non-fossil fuel capacity increased to 190.57 GW, with renewable energy sources like solar and wind contributing significantly to the rise.
The China Electricity Council (CEC) in a yearly report said grid-connected wind and solar would make up around 40% of installed power generation capacity by the end of 2024, compared with coal's expected 37%.
The review of the economy emphasizes the importance of balancing development and carbon emissions mitigation globally. It acknowledges that many nations prioritize access to energy as an immediate concern. India's energy transition policies strike a blend of near-term pragmatism and long-term goals to reduce fossil fuel dependence.
The country's installed power generation capacity from non-fossil source is 186.46 gigawatt (GW), which is 43.82 per cent of its total installed capacity, the minister for new and renewable energy said.
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This growth in linkages would come with the government looking at increasing the domestic production of coal to 1.5 billion tonne. Further, the coal ministry is also targeting to increase the peak rated capacity of the coal mines to 2 billion tonne
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