View: India's future use of renewable energy depends on innovation

economictimes.indiatimes.com:

renewable energy tops any discussion that takes place to stave off the adverse implications of climate change. This is due to the fact that clean energy sources such as solar do not emit harmful greenhouse gases, which contribute to environmental degradation. India is also embracing the power of renewable energy.

It has already announced its aim to reach net zero emissions by 2070. Furthermore, according to the Ministry of Power, the country is likely to meet 62% of its electricity requirements with 500 GW of non-fossil fuel sources by 2030. However, in order to successfully achieve its ambitious target and support the clean energy transition, the country requires the aid of innovations in renewable energy.Growth of renewable energyAs a step towards growth, India has already taken a giant leap towards utilising renewable energy sources, and solar energy is one of the leading ones.

According to the data of the National Investment Promotion and Facilitation Agency, as of May 2023, India's installed non-fossil fuel capacity was over 178.79 gigawatts, and the number has surged up to 396% over the previous 8.5 years. Additionally, since 2009, the capacity of solar energy installations has expanded by a factor of 24.4, and as of May 2023, it was 66.7 GW. According to the data of the IBEF, among the whole share of renewable power sources, i.e., 49%, solar energy contributes an astonishing 14%.