What is Renewable Energy?
Historical Background
Key Points
10 points- 1.
Ambitious Targets: India aims to achieve 500 GW of non-fossil fuel electricity capacity by 2030 and meet 50% of its energy requirements from renewable sources by the same year.
- 2.
National Solar Mission (NSM): A flagship program under the NAPCC, aiming to make India a global leader in solar energy by promoting large-scale solar power generation and rooftop solar.
- 3.
National Wind-Solar Hybrid Policy: Promotes optimal utilization of transmission infrastructure and land by encouraging hybrid projects that combine wind and solar power generation.
- 4.
Green Energy Corridors: Dedicated transmission infrastructure projects to facilitate the evacuation of large-scale renewable energy from generation-rich areas to demand centers.
- 5.
Production Linked Incentive (PLI) Schemes: Introduced for manufacturing high-efficiency solar PV modules and advanced chemistry cell (ACC) batteries to boost domestic manufacturing and reduce import reliance.
- 6.
Renewable Purchase Obligations (RPOs): Mandates for electricity distribution companies (discoms) and large consumers to procure a certain percentage of their electricity from renewable sources.
- 7.
Net Metering/Gross Metering Policies: Frameworks to encourage rooftop solar installations by allowing consumers to feed excess electricity back into the grid.
- 8.
International Solar Alliance (ISA): An India-led initiative of over 100 countries to promote solar energy globally through cooperation on technology, finance, and capacity building.
- 9.
Offshore Wind Energy Policy: Framework to harness the vast wind potential available in India's coastal regions.
- 10.
Pumped Hydro Storage: Promoting the development of pumped hydro storage projects to address the intermittency of renewable energy and ensure grid stability.
Visual Insights
Types of Renewable Energy Sources
Overview of different renewable energy sources and their characteristics.
Renewable Energy
- ●Solar Energy
- ●Wind Energy
- ●Hydropower
- ●Biomass Energy
Recent Developments
7 developmentsLaunch of the National Green Hydrogen Mission with a target of 5 MMT production by 2030, aiming to decarbonize hard-to-abate sectors.
Record-breaking capacity additions in solar and wind energy, making India a global leader in renewable energy deployment.
Development of large-scale solar parks (e.g., Bhadla Solar Park, Kutch Hybrid Renewable Energy Park) and floating solar projects.
Increased private sector investment and foreign direct investment (FDI) in the renewable energy sector.
Growing focus on advanced energy storage solutions (e.g., battery energy storage systems, pumped hydro) to integrate higher shares of renewables.
Issuance of sovereign green bonds to mobilize finance for green projects, including renewable energy.
India's active role in global renewable energy forums and initiatives.