INDIA will have more than 65 per cent of its power generation capacity from non-fossil fuels by 2030, Power and New & Renewable Energy Minister R K Singh said. Addressing a CII conference on green energy, he explained that India is aiming for 65 per cent of power generation capacity from non-fossil fuels but the country will have more than that. India will have 90 GW of solar equipment manufacturing capacity by 2030, up from 20 GW
at present, he added. He also informed that about 15-20 GW of solar equipment manufacturing capacity is under construction and India will have 40 GW of such facilities under Production-Linked Incentive Scheme-II (PLI-II). India has planned to hit 500 GW of renewable energy by 2030. “We shall have 90 GW plus solar manufacturing capacity by 2030 right from the polysilicon to modules. We already have 20 GW (solar manufacturing capacity). We already know that 15-20 GW of solar manufacturing capacity is under construction. You will further have 40 GW of solar manufacturing capacity (addition), which is going to come under Solar PLI-II,” he said.
The Minister also urged the industry player to shift to the manufacturing of high-efficiency solar equipment. He stated that the country has already 170 GW of renewable energy (including large hydro), while another 80 GW is under construction. “We will not just reach 65 per cent (from renewable energy by 2030), we will have more than that (65 per cent capacity). We have pledged 50 per cent (power generation capacity from non-fossil fuels) by 2030. We will reach (over) plus 65 per cent,” the Minister said.
