Economic Survey 2021-22: India on track to meet renewable energy targets The Weather Channel

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solar powered lights

solar powered lights
According to the Economic Survey 2021-22, India’s installed solar capacity stood at 49.35 GW as of Dec 31, 2021, while the National Solar Mission (NSM) mandated 100 GW in seven years starting from 2014-15 The goal.
Prime Minister Narendra Modi pledged at the annual climate conference to install 500 GW of non-fossil energy capacity by 2030, reduce the emissions intensity of GDP by 45% and 50% from 2005 levels, India revised its renewable energy target to generate electricity capacity from non-fossil energy sources by 2030, reduce carbon emissions by 1 billion metric tons by 2030, and achieve net-zero emissions by 2070.
In keeping with the new targets, India has launched a multi-pronged plan to achieve solar and wind power as part of its renewable energy targets to combat climate change.
The Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program aims to provide energy and water security, de-diesel the agricultural sector and generate additional income for farmers through the production of solar energy, aiming to increase solar capacity by 30.8 GW supported by central finance over Rs 34,000 crore.
Under the plan, it is planned to install 10,000 MW of distributed grid-connected solar power plants, each with a capacity of up to 2 MW, set up 2 million stand-alone solar agricultural pumps, and polarize 1.5 million existing grid-connected agricultural pumps.RBI has incorporated priority sector lending guidelines to simplify financing availability.

solar powered lights

solar powered lights
“As of December 31, 2021, more than 77,000 stand-alone solar pumps, 25.25 MW capacity solar power plants and more than 1,026 pumps were paid under a single pump polarization variant. Last component introduced in December 2020 The implementation of feeder-level polarization variants has also begun in several states,” the Economic Survey said.
For large-scale grid-connected solar power projects, the “development of solar parks and ultra-large-scale solar power projects” is underway, with a target capacity of 40 GW by March 2024.So far, 50 solar parks have been approved, totaling 33.82 GW in 14 states.These parks have already commissioned solar power projects with a total capacity of about 9.2 GW.
The second phase of the Rooftop Solar Program, which targets 40 GW of installed capacity by December 2022 to accelerate solar rooftop systems, is also under implementation.The program provides financial assistance to the residential sector for up to 4 GW of solar rooftop capacity.There is a clause that encourages distribution companies to make incremental achievements in the previous year.
So far, the country has built a cumulative 5.87 GW of solar rooftop projects, the survey said.
Implement plans for government entities (including central public sector enterprises) to set up 12 GW of grid-connected solar PV power projects.The program provides viability gap funding support.Under the plan, the government has approved about 8.2 GW of projects.
According to the national node agency report, as of December 2021, more than 145,000 solar street lights have been installed, 914,000 solar learning lights have been distributed, and about 2.5 MW of solar battery packs have been installed.
At the same time, the Ministry of New and Renewable Energy released the wind-solar hybrid policy, which provides a framework for advancing large-scale wind-solar hybrid grid-connected projects to optimize and efficiently utilize transmission infrastructure and land, reduce the variability of renewable energy generation, and Achieve better grid stability.
As of December 31, 2021, about 4.25 GW of wind and solar hybrid projects have been won, of which 0.2 GW has been put into production, and an additional 1.2 GW of wind and solar hybrid projects are being tendered in stages.
The above article was published from a line source with minimal changes to the title and text.

Post time: Feb-04-2022