India’s energy future is looking green, report says

Oct 12, 2022, 1:29 PM | Updated: 2:01 pm

People ride their motorcycles past a windmill farm in Anantapur district, Andhra Pradesh, India, We...

People ride their motorcycles past a windmill farm in Anantapur district, Andhra Pradesh, India, Wednesday, Sept 14, 2022. India’s renewables sector is booming, with the country projected to add 35 to 40 gigawatts of renewable energy annually until 2030, enough to power up to 30 million more homes each year, a report said on Thursday, Oct. 13. (AP Photo/Rafiq Maqbool)

(AP Photo/Rafiq Maqbool)

BENGALURU, India (AP) — India’s renewables sector is booming, with the country projected to add 35 to 40 gigawatts of renewable energy annually until 2030, enough to power up to 30 million more homes each year, a report said Thursday.

The Institute for Energy Economics and Financial Analysis estimated that India, the third largest energy-consuming country in the world, will reach 405 gigawatts of renewable energy capacity by 2030. It’s expected to surpass the government’s target of producing 50% of its electricity from non-fossil fuel sources by the end of the decade.

The Indian government’s own projections estimate the country will produce even more renewable energy — 500 gigawatts — in the same time frame. Currently, fossil fuels account for 59% of India’s installed energy capacity, but are expected to make up just 31.6% of the energy mix by 2030.

“While there were disruptions to India’s clean energy journey because of the war in Europe among other reasons, India has big plans,” said Vibhuti Garg, co-author of the report and senior energy specialist at IEEFA. “India is energy hungry and this hunger will only increase with our economic and population growth.”

She added that the low cost of renewables as well as the need for cleaner energy sources to curb climate change have driven the growth of the sector in the country, which is the world’s third largest renewable energy market.

No other country’s energy needs are expected to balloon as much as India’s in the coming years, as living standards improve and its 1.3 billion population grows.

The report, which analyzed data from various green energy corporations and publicly funded energy companies, also found that 151 gigawatts of renewable energy will be added by private clean energy companies alone. Adani Green Energy, a private company, will account for the largest single addition, going from 5.8 gigawatts to 45 gigawatts of renewable energy production.

Although the country has made significant strides in clean energy, experts say there is still room for improvement.

India’s “ambitious renewable energy policies” haven’t yet halted the country’s coal pipeline, said Nandini Das, a climate and energy economist at the Berlin-based think tank, Climate Analytics.

She added that there should be a “scheduled retirement plan of the existing coal capacities to give a clear signal that we are moving towards clean energy” and the current subsidies for fossil fuels in India should be reformed.

But shutting down coal and moving towards greener energy needs financing. Recent estimates say India will require around $223 billion of investment to meet its 2030 energy goals.

Long-time observers of India’s clean energy transition point out rooftop solar energy is also lacking: the country has just 7.5 gigawatts of rooftop solar installed of a planned 40 gigawatts by the end of the year.

“The challenge is that different states have different rooftop solar policies. We don’t have a holistic national policy for this segment,” said Aditya Lolla of the London-based environmental think tank, Ember.

Lolla added that other renewable energy projects also need to be ramped up.

“We really need to increase the build rates. This year we are installing an average of 1.7 gigawatts every month and we need to be hitting 3.7 gigawatts,” he said. “We can do many things to ramp up but that is the foremost thing that needs to happen and this needs to happen very soon.”


Follow Sibi Arasu on Twitter at @sibi123


Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Police clear the area following a shooting at the Kansas City Chiefs NFL football Super Bowl celebr...

Associated Press

1 dead, many wounded after shooting at Kansas City Chiefs’ Super Bowl victory parade

One person died after 22 people were hit by gunfire in a shooting at the end of the Kansas Chiefs' Super Bowl victory celebration Wednesday.

6 days ago

This image from House Television shows House Speaker Mike Johnson of La., banging the gavel after h...

Associated Press

GOP-led House impeaches Homeland Security Secretary Mayorkas — by one vote — over border management

Having failed to impeach Homeland Security Secretary Alejandro Mayorkas the first time, House Republicans are determined to try again Tuesday.

7 days ago

Defense Secretary Lloyd Austin, right, and Kenya's Defense Minister Aden Duale, left, listen during...

Associated Press

Defense Secretary Lloyd Austin hospitalized with bladder issue

Defense Secretary Lloyd Austin has been hospitalized following symptoms pointing to an “emergent bladder issue."

9 days ago

Joel Osteen, the pastor of Lakewood Church, stands with his wife, Victoria Osteen, as he conducts a...

Associated Press

Woman firing rifle killed by 2 off-duty officers at Houston’s Lakewood Church run by Joel Osteen

A woman entered the Texas megachurch of Joel Osteen and started shooting with a rifle Sunday and was killed by two off-duty officers.

9 days ago

(Pexels photo)...

Associated Press

Baby in Kansas City, Missouri, dies after her mother mistakenly put her in an oven

An infant in Missouri died when her mother mistakenly put her down for a nap in an oven, a prosecutor said Saturday.

10 days ago

Former Arizona Department of Corrections boss Charles Ryan received probation on Feb. 9, 2024. (AP ...

Associated Press

Former Arizona corrections boss sentenced to probation over armed 2022 standoff with police

Former Arizona Corrections Director Charles Ryan was sentenced Friday to probation for his no-contest plea to a disorderly conduct charge stemming from a 2022 armed standoff at his Tempe home.

11 days ago

Sponsored Articles


Day & Night Air Conditioning, Heating and Plumbing

Day & Night is looking for the oldest AC in the Valley

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.


Sanderson Ford

The best ways to honor our heroes on Veterans Day and give back to the community

Veterans Day is fast approaching and there's no better way to support our veterans than to donate to the Military Assistance Mission.


Canvas Annuity

Interest rates may have peaked. Should you buy a CD, high-yield savings account, or a fixed annuity?

Interest rates are the highest they’ve been in decades, and it looks like the Fed has paused hikes. This may be the best time to lock in rates for long-term, low-risk financial products like fixed annuities.

India’s energy future is looking green, report says