Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

India To Add 16.6 GW Of Renewables This Fiscal Year

Originally published on Planetsave.

The Ministry of New and Renewable Energy (MNRE) in India has come out with its most ambitious capacity addition target yet, for 16,600 MW of renewables added this fiscal year.

According to MNRE, during the current fiscal year, solar capacity is expected to reach its largest-ever capacity addition target of 12,000 MW, followed by wind (4,000 MW), bio-power (400 MW), small hydro (250 MW), and waste-to-power (10 MW).

The announcement by the Ministry is confirmation of the targets mentioned by the Ministry of Finance in the Union Budget for FY2016-17.

The new target is higher than the earlier estimates of the MNRE. In October, a document released by the Ministry suggested that around 10.8 GW of solar capacity could be added in FY2016–2017.

The Indian government has shown a strong commitment towards renewable energy, and it has started to generate positive results. In the first month of the current fiscal year alone, India added 237 MW of renewable capacity, out of which 235 MW came from solar. India plans to achieve 175 GW of renewable energy capacity by 2022.

Wind power still dominates the renewable energy sector with a 62% share, however, solar is all set to surpass wind sector in the coming years, aided by special emphasis and enabling policies. Recently, grid-connected solar capacity surpassed 7.5 GW, with the majority of projects operational in the states of Rajasthan, Gujarat and Tamil Nadu. 

Grid-connected solar capacity additions were more than twice the target for FY2015-16. Against the target capacity addition of 1.4 GW, just over 3 GW of grid-connected solar capacity was added in India. This was the largest solar capacity addition in a financial year.

Reprinted with permission.

 
 
 
Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

Smiti works as a senior solar engineer at a reputed engineering and management consultancy. She has conducted due diligence of several solar PV projects in India and Southeast Asia. She has keen interest in renewable energy, green buildings, environmental sustainability, and biofuels. She currently resides in New Delhi, India.

Comments

You May Also Like

Cars

As the world accelerates the transition to electric vehicles, it is important for the world’s largest markets to lead the way in terms of...

Biofuels

At the coal face of a conference that involved governmental figures, academics, logistics customers and OEMs, the detailed technical conversations are almost all about...

Cars

After a very slow start, the Indian battery-electric car market is starting to get exciting. BYD is expanding its presence in the country, shifting...

Cars

India’s electric 2-wheeler market has been booming over the last few years. However, the electric car sector has been pretty slow. India’s electric car...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.