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India's Energy Future: Projections for 2030

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Overview of India's Energy Projections for 2030

  • Current Energy Mix: As of now, 73% of India's power comes from coal.
  • Future Projections: By 2030, coal's share is expected to decrease to 55%, while renewable sources will increase to 31% from 12%.

Key Insights

  • Capacity vs. Generation: Power capacity refers to the maximum output of a plant, while generation is the actual power produced.
  • Solar and Wind Growth: Both solar and wind power capacities are projected to quadruple.
  • Coal Plant Retirements: Approximately 2000 megawatts of coal capacity is likely to be retired by 2030, with 304 megawatts already retired in 2022-2023.
  • Revised Projections: The Central Electricity Authority (CEA) has updated its previous 2020 report, adjusting coal generation from 54% to 55% and hydropower from 8% to 9%.
  • Installed Capacity: The required installed power capacity for 2030 is now estimated at 777 gigawatts, down from 817 gigawatts.
  • Storage Needs: An additional 60 gigawatts of storage capacity will be needed, including pumped hydro and battery storage.
  • Green Hydrogen Aspirations: India aims for an additional energy requirement of 250 billion units by 2030 due to green hydrogen initiatives.

Environmental Impact

  • Paris Agreement Goals: India is on track to exceed its Paris Agreement commitment of 50% non-fossil fuel capacity by 2030, with projections indicating 62% capacity from non-fossil sources, and 64% when including nuclear power. For more on India's environmental commitments, see our summary on Understanding India's Environment and Sustainable Development.
  • Greenhouse Gas Emissions: The power sector contributes 40% of India's total greenhouse gas emissions, with a projected 11% increase by 2030. India's share of global power sector emissions is expected to rise from 8% to 10% by 2030, yet per capita emissions will remain below the world average. To understand the broader implications of energy resources, check out our summary on Understanding Energy Resources: Renewable vs Non-Renewable.

Conclusion

India's energy future is poised for significant transformation, with a clear shift towards renewable sources and a commitment to reducing coal dependency. This transition not only aligns with global climate goals but also positions India as a leader in sustainable energy practices.

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