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“The India Story” booklet on India’s energy transition

Context:

Union Minister of State Power, New and Renewable Energy launched “The India Story” booklet which is a compilation of Indian initiatives that are shaping India’s energy transition.

Relevance:

GS-III: Industry and Infrastructure (Energy Security, Renewable energy, Energy Sources and Infrastructure, Government Schemes and Initiatives)

Dimensions of the Article:

  1. Highlights – Statements made during the launch
  2. Indian Initiatives regarding renewable Energy

Highlights – Statements made during the launch

  • Power Minister has said that as much as USD 70 billion (about Rs 5.2 lakh crore) has been invested in renewable energy across the country in the past seven years.
  • In the last 6 years, India’s installed renewable energy capacity has increased by over two and a half times and stands at more than 141 Giga Watts (including large Hydro), which is about 37 per cent of the country’s total capacity (as on 16th June 2021).
  • In the last 6 years, the installed solar energy capacity in India has increased by over 15 times, and stands at 41.09 GW.
  • India’s renewable energy capacity is the 4th largest in the world.
  • India’s annual renewable energy addition has been exceeding that of coal based thermal power since 2017.

Indian Initiatives regarding renewable Energy

  • National Solar Mission (NSM): The 100 GW solar ambition at the heart of the world’s largest renewable energy expansion programme
  • The Wind Energy Revolution: Leveraging India’s robust wind energy sector to boost clean energy manufacturing and the rural economy
  • National Biofuels Policy and SATAT: Building value chains to reduce fuel imports, increase clean energy, manage waste, and create jobs
  • Small Hydro Power (SHP): Harnessing the power of water to integrate remote communities into the economic mainstream.
  • National Hydrogen Energy Mission (NHEM): Exploring the commercial viability of a versatile clean fuel
  • Production-Linked Incentive (PLI) Scheme: Integrating India into the global clean energy value chains
  • National Biofuels Policy and SAYAY: Building value chains to reduce fuel imports, increase clean energy, manage waste and create jobs

Click Here to read about Integrated Power Development Scheme (IPDS) and Government Schemes regarding Electrification

-Source: PIB, Business Standard

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September 2022
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