Delivering on its ambitious renewables targets is critical for India’s clean transition
India’s share of wind and solar power doubled from 4% in 2016 to 8% in 2021, but this could only meet 27% of its electricity demand growth (+295 TWh) during this period. However, its ambitious 450 GW renewable capacity target can ensure that all its additional demand growth by 2030 comes from clean power.
Coal accounted for 74% of India’s electricity production in 2021, making it the second-most coal intensive country in the G20 after South Africa (84%). However, coal lost 3% of its market share in India in the last 5 years, slightly more than the fall in the world’s coal market share (-2%).
As per the IEA, to limit global temperature rises to 1.5C, India should phase out sub-critical coal plants by 2030, fully decarbonise electricity by 2040 and become net-zero by 2050. India recently committed to reach Net Zero by 2070 and 50% installed renewable energy capacity by 2030.
Last updated: March 2022