R K Singh : India's energy mix will be 65 percent renewable by 2030

Union Power Minister R K Singh, by 2030, 65 percent of the nation's energy mix will come from renewable sources. India now has 186 GW of installed capacity for non-fossil fuel-based power generation, according to the Union Minister of Power, New and Renewable Energy. "By 2030, we wanted to use 40% renewable energy, according to our 2015 plan. We met the goal in 2021, nine years sooner than expected, he added, adding that by 2030, renewable energy would account for 65% of all installed power generation capacity.

The minister said the rate of capacity addition for renewable energy is astounding while speaking at a gathering to celebrate the publication of a book written by ReNew Power Chairman Sumant Sinha. "We have planned 50 GW renewable energy capacity addition every year," he stated. India now has an installed capacity for power generating of 423 GW.

This year, the country would require an additional 40 GW of electricity due to a 14% increase in consumption, according to Singh. The minister praised Sinha's book "Fossil Free - Reimagining Clean Energy in Carbon Constrained World" for being timely because it outlines everything that has occurred in the field and what needs to be done right away to advance renewable energy.

According to Sinha, founder, CEO, and chairman of ReNew, "half of India Inc.'s annual capex needs to go to renewables if we are to reach 500 GW by 2030." By 2030, India wants to have 500 GW of renewable energy capacity. In the context of renewable energy, Sinha emphasised the value of constant power. The book's initial edition was released in 2020.