India expects to generate about 60% of electricity from renewable sources by 2027

26/12/2016 10:18 Renewable


India envisages generating nearly 60% of electricity from the renewable energy by 2027, overpassing the renewable energy targets set in Paris last year by nearly half and three years ahead of the schedule.

The Paris climate accord target was 40% by 2030, but according to a draft 10-year energy blueprint recently released, the government expects that 57% of India’s total electricity capacity will come from non-fossil fuel sources by 2027.

The forecast mirrors an increase in private sector investment in Indian renewable energy projects over the past year.

The draft also noted that no new coal-fired power plants would be needed to meet India’s electricity demands through 2027.

India, which is the world’s fourth-largest greenhouse gas emitter, over last year, got a $20-billion-dollar investment in its solar energy sector from Japan’s Softbank, and another $2 billion from the French energy company EDF. 

Under the 2027 forecasts, India aims to generate 275GW of total renewable energy, in addition to 72GW of hydroenergy and 15GW of nuclear energy. Nearly 100GW would come from “other zero emission” sources, with advancements in energy efficiency expected to reduce the need for capacity increases by 40GW over 10 years.

About 50GW of coal power projects being developed in India would be “largely stranded”, according to the forecast. 

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