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Share of Indian clean energy can go up to 45pct by 2030 - TERI

Power News - Published on Mon, 18 Feb 2019

Image Source: Livemint
Economic Times reported that India has the potential to increase its share of non-fossil fuel (zero carbon) sources of energy in the country’s total electricity supply mix from 35% in 2018 to 45% by 2030 despite doubling of its consumption in over next 10 years, said the environment and energy think-tank TERI in its technical reports on overall renewable energy scenario.

The projection is, in fact, 5% more than what India had pledged as part of its climate action plans under the Paris Agreement in 2015 - a scenario which may see no new coal-fired power plant will be built in India beyond 2025-27.

India under its Paris pledges committed to increase its share of non-fossil fuel (solar, wind, hydro, biomass and nuclear) in the total installed capacity of electricity generation from 30% in 2015 to about 40% by 2030.

The reports, released on sidelines of the World Sustainable Development Summit also project that the cost of wind and solar will be INR 2.3 - 2.6 per KWh and INR 1.9 - 2.3 per KWh respectively by 2030 while the cost of storage will fall by 70%.

Mr Ajay Mathur, director general of TERI said that “By contrast, we project the tariffs of new coal-fired electricity to rise due to above-inflation increase in coal transport costs and increase in coal plant capital costs to improve efficiencies and reduce local pollution.”

The reports, accordingly, project that the electricity from new non-pithead coal could be as expensive at INR 6.98 per KWh while cheaper pithead coal would be INR 4.85 per KWh by 2030 - more than double the cost of solar.

Source :

Posted By : Rabi Wangkhem on Mon, 18 Feb 2019
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