India targets 64.4% clean energy in installed capacity: Govt In Lok Sabha

India’s share of clean energy in total installed power capacity is expected to reach 64.4% by 2029-30, according to Shripad Yesso Naik, Union Minister of State for New & Renewable Energy and Power. Speaking in the Lok Sabha, Naik outlined the government's roadmap to meet future energy demands while increasing reliance on non-fossil fuel sources.

Under the National Electricity Plan, India's installed power capacity is projected to rise to 777,144 MW by 2029-30 to meet an estimated peak demand of 334.8 GW and an energy requirement of 2,279.7 billion units (BU), as per the 20th Electric Power Survey.

Of this capacity, 500,637 MW will come from non-fossil sources, including:

Solar energy: 292,566 MW

Wind energy: 99,895 MW

Hydropower: 53,860 MW

Pumped Storage Projects (PSP): 18,986 MW

Small hydro projects: 5,350 MW

Biomass: 14,500 MW

Nuclear energy: 15,480 MW

The remaining 276,507 MW will come from fossil fuels, primarily coal (251,683 MW) and gas (24,824 MW). Additionally, the plan includes a Battery Energy Storage capacity of 41,650 MW / 208,250 MWh.

Rooftop solar gains momentum

As of November 20, 2024, over 616,019 rooftop solar systems have been installed under the PM-Surya Ghar: Muft Bijli Yojana, Naik reported. This initiative enables residential consumers to register, select vendors, and install rooftop solar systems through a national portal, ensuring direct subsidy transfers to bank accounts after inspections and approvals by distribution utilities.

Progress in PM-KUSUM scheme

Under the PM-KUSUM scheme, 1,302,327 solar pumps have been allocated to states and Union Territories based on demand. As of October 31, 2024, Letters of Award have been issued for over 970,000 pumps, with 540,499 pumps installed so far, the minister shared.

These developments underscore India’s aggressive push toward clean energy and its commitment to a sustainable and self-reliant energy future.

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