Published on November 30th, 2016 | by smiti
India Targets To Add 42.6 GW Renewable Energy Capacity Over Next 2 Years
The Indian government has revealed renewable energy capacity addition targets for the next two years. The targets are usually announced during the financial budget announcements in February every year, however, this new step seems to a step by the government to provide clarity to all stakeholders.
According to the Ministry of New & Renewable Energy, a total renewable energy capacity of 42.6 GW is to be added to the grid over between April 2017 and March 2019. The capacity addition target, quite understandably, are dominated by solar power. Wind energy targets have also been increased steadily, although in the very likely scenario of withdrawn incentives these targets may prove hard to achieve.
As covered at Cleantechnica earlier this year, the ministry plans to add 12 GW solar power, 4 GW wind energy, 500 MW biomass-based power and 225 MW small hydro power capacity between April 2016 and March 2017. Between April and September 2016, India managed to add only 3.2 GW of grid-connected renewable energy capacity compared to the full year target of 16.6 GW.
In financial year 2017-18, grid-connected solar power capacity addition target has been set at 15 GW which will increase to 16 GW in the next financial year. Similarly, in FY2017-18, wind energy capacity addition target has been set at 4.6 GW and will increase to 5.2 GW in the next financial year. Biomass-based power projects have been given targets of 750 MW and 850 MW in FY2017-18 and FY2018-19, respectively. The ministry has reduced the target of small hydro power capacity addition from current financial year’s 225 MW to 100 MW in 2017-18 and 2018-19.
India plans to have an installed solar power capacity of 100 GW and wind energy capacity of 60 GW by March 2022.