As a part of its Paris Agreement commitments, the Government of India has set an ambitious target of achieving 175 GW of renewable energy capacity by 2022. These include 100 GW of solar capacity addition and 60 GW of wind power capacity.
60 solar cities will be developed in India as part of Ministry of New and Renewable Energy’s Solar Cities program.
Power generation from renewable energy sources (excluding large hydro) in India reached 101.84 billion units in FY18. The country ranks fourth in the world in terms of total installed wind power capacity. As of August 2018, India ranks fifth in terms of cumulative installed solar capacity.
Due to its favourable location in the solar belt, India is one of the best recipients of solar energy with relatively abundant availability. As of August 2018, installed solar power capacity in the country crossed 25 GW.
World’s largest solar park named ‘Shakti Sthala’ was launched in Karnataka in March 2018 with an investment of Rs 16,500 crore (US$ 2.55 billion).
India has the hydro power potential of around 145 GW. Hydro power projects in India are classified into conventional hydro projects and small hydro electric projects. Small hydel projects are included in the government’s renewable energy sources (RES) targets.
A new Hydro power policy for 2018-28 has been drafted for the growth of hydro projects in the country.