Currently, the country has 165 gigawatts (GW) generation capacity already in place. India’s electricity consumption will grow with an annual rate of 5.4 per cent in coming decade
India may require additional investment of nearly USD 300 billion in order to achieve the 500-gigawatt renewable energy capacity target by 2030, according to a report.
Currently, the country has 165 gigawatts (GW) generation capacity already in place. The nation is on the right path to reach its goal of having 50 per cent of energy needs through the renewable portfolio, according to a report on 7 November.
The report said that expectedly India’s electricity consumption will grow with an annual rate of 5.4 per cent in coming decade. The annual demand will be touching 2,300 billion units (BUs) by 2030.
However, with the current speed, the generation will reach only 2,024 BUs by 2030, the report added.