Plan to install 500 GW of renewable energy capacity by 2030 to cost ₹2.44 trillion

Source: The post is based on the article “Plan to install 500 GW of renewable energy capacity by 2030 to cost ₹2.44 trillion” published in The Hindu on 8th December 2022

What is the News?

The Union Ministry of Power has launched a plan “Transmission System for Integration of over 500 Gw RE Capacity by 2030”.

About the Committee to install 500 GW of renewable energy capacity by 2030

The Ministry of Power had constituted a high-level committee under the Chairperson, Central Electricity Authority with representatives for planning the transmission system required for having 500 GW of non-fossil fuel-based installed capacity by 2030.

The Committee has prepared a detailed Plan in consultation with States and other stakeholders. 

Key Features of the Plan

The plan entails connecting mega solar parks and wind power zones with the national grid.

It also includes the construction of 8,120 circuit km (ckm) of high voltage direct current transmission corridors.

Because renewable-energy generation is only available for a limited time every day, the plan envisages installing battery storage capacity worth 51.5 GW by 2030 to provide “round-the-clock power to end-consumers.

The plan has also identified major upcoming non-fossil fuel generation centres in the country, including at Fatehgarh, Bhadla and Bikaner in Rajasthan, Khavda in Gujarat and Anantapur and Kurnool in Andhra Pradesh.

About India’s Renewable Energy Capacity

India has emerged as one of the world leaders in energy transition with the fastest rate of growth of renewable energy capacities in the world. 

India has huge ambitions in energy transition and plans to have 500 GW of non-fossil fuel-based electricity installed capacity by 2030 so that cleaner fuel comprises 50% of the installed capacity mix by 2030.

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