India had committed to achieving 40 per cent of its installed electricity capacity from non-fossil energy sources by 2030 as part of its Nationally Determined Contributions (NDCs) at COP 21. This goal was met by the country in November 2021. Currently, the country’s installed renewable energy capacity is 150.05 GW (including hydro). Furthermore, projects with a total capacity of 63.64 GW are in various phases of execution, while projects with a total capacity of 32.06 GW are in various stages of bidding. As a result, a total of 245.70 GW of capacity has been installed or is in various phases of development/bidding.
In addition, nuclear energy-based installed electricity capacity is 6.78 GW. This raises the total non-fossil energy capacity added to 156.83 GW, accounting for 40.1 per cent of the total installed electricity capacity of 390.8 GW. The government now aims to reach 500 GW of installed electricity capacity from non-fossil fuel sources by 2030, as announced by the prime minister at the CoP26. The government has taken a number of initiatives to encourage the use of renewable energy sources in the country. The union power minister shared the measures taken to promote various renewable energy sectors in a written reply to Lok Sabha question. The measures include allowing 100 per cent FDI under the automatic route, waiving interstate transmission system charges for inter-state sales of solar and wind power for projects completed by June 30, 2025, and declaring a trajectory for the renewable purchase obligation up to 2022. Also, another key measure has been setting up renewable energy parks to supply developers with land and transmission on a plug-and-play basis.
Apart from that, the government has also taken steps to increase public participation in the Rooftop Solar Scheme, including the launch of phase II of the rooftop solar programme with CFA for the residential sector and slab incentives for power distribution Companies for achieving additional capacity over and above the previous year’s installed capacity. Now, net-metering up to 500 kW or the electrical sanctioned load, whichever is lower, is allowed under the Electricity (Rights of Consumers) Rules, 2020.