Achieving 175 GW RE Target by INDIA With Extended 450 GW BY 2030 Ambitious Target

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The Indian government has kept a target of 175 GW installed capacity using different renewable energy technologies in the country. Currently, the total installed capacity of the country is 367.3 GW of which thermal is 230.72 GW, Nuclear is 6.78 GW, Hydro is 45.4 GW and RE is 84.4 GW as on 31.12.2019. For the month of December 2019 the electricity generated in different power segments is 86.1 BU in thermal, 3.6 BU in Nuclear, 8.9 BU in Hydro and 9.3 BU in RE [1].

Currently, the total renewable installed capacity is 57.472 GW (12.5 GW of solar i.e., 21.8% and 32.3 GW of wind i.e., 56.2%).  Depending upon the current installation frequency, we can forecast whether we can reach the target by 2022 or 2030. MNRE is exploring with new innovative approach for increasing the capacity of renewable energy in the country and promoting them for the same. [2]

Benefits with 175 GW RE target

 Reduces the carbon footprints in the country and promotes renewable energy technologies;

2. More focus on new technology development in renewable energy and increases the competition and demand for renewable energy in the Indian market. (With the increase in the competition, the solar and wind tariffs have declined to Rs. 2.45 and Rs. 3.50 per kWh);

3.  Development and adapting to new technologies can take place by increasing the usage of technology helps to overcome the issues and limitations. This helps in establishing a renewable energy grid and decentralized power in the country. Reduces peak demand in thermal power plants and reduces the major carbon emission reduction in the country.

 POWER SUPPLY TO THE COUNTRY AND ITS AVAILABILITY AND DEMAND

ENERGY

PEAK

Year

Requirement

Availability

Surplus(+) / Defects (-)

Peak Demand

Peak Met

Surplus(+) / Defects (-)

(MU)

(MU)

(MU)

(%)

(MW)

(MW)

(MW)

(%)

2009-10

8,30,594

7,46,644

-83,950

-10.1

1,19,166

1,04,009

-15,157

-12.7

2010-11

8,61,591

7,88,355

-73,236

-8.5

1,22,287

1,10,256

-12,031

-9.8

2011-12

9,37,199

8,57,886

-79,313

-8.5

1,30,006

1,16,191

-13,815

-10.6

2012-13

9,95,557

9,08,652

-86,905

-8.7

1,35,453

1,23,294

-12,159

-9.0

2013-14

10,02,257

9,59,829

-42,428

-4.2

1,35,918

1,29,815

-6,103

-4.5

2014-15

10,68,923

10,30,785

-38,138

-3.6

1,48,166

1,41,160

-7,006

-4.7

2015-16

11,14,408

10,90,850

-23,558

-2.1

1,53,366

1,48,463

-4,903

-3.2

2016-17

11,42,929

11,35,334

-7,595

-0.7

1,59,542

1,56,934

-2,608

-1.6

2017-18*

9,15,123

9,08,650

-6,473

-0.7

1,64,066

1,60,752

-3,314

-2.0

India is running under deficit power of -0.8% as on December 2019 i.e. 1,304 MW. The peak demand requirement is 171,796 MW in which we can able to meet 170,492 MW of the peak met. As on Feb, 2020 the demand met during the evening peak is 161,135 MW and the maximum demand during the daytime at 09:30 AM is 171,206 MW and the peak shortage is 674 MW.[3]

PLANT LOAD FACTOR IN THE COUNTRY (COAL & LIGNITE BASED) FROM 2009-10 TO 2017-18[4]

Year

PLF

Sector-wise PLF (%)

%

Central

State

Private

2009-10

77.5

85.5

70.9

83.9

2010-11

75.1

85.1

66.7

80.7

2011-12

73.3

82.1

68.0

69.5

2012-13

69.9

79.2

65.6

64.1

2013-14

65.60

76.10

59.10

62.10

2014-15

64.46

73.96

59.83

60.58

2015-16 

62.29

72.52

55.41

60.49

2016-17

59.88

71.98

54.35

55.73

2017-18*

59.68

70.85

54.51

55.82

From the above table, we observe that with the increase of renewable installed capacity, the plant load factor of coal and lignite-based thermal power plant demand is gradually decreased. With this, we can understand that by 2022 the renewable energy target may reach to 170 GW installed capacity.

Recently, India has committed to an ambitious target by extending the target to 450 GW of RE installations by 2030.

Note: This article will be updated on a timely basis with reference to the developments and changes taking place in the market.

Source:

[1] CEA executive summary report as on 31.12.2019
[2] http://powermin.nic.in/en/content/power-sector-glance-all-india
[3] posoco.in/NLDC/Daily Report/11.02.2020
[4] *Up to December 2017 (Provisional), Source: CEA
[5] https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1762960&RegID=3&LID=1


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