The 175 GW of Renewable Power Dream

Chitra Mishra, Special EditorClimate change is one of the most talked about topics currently world over. Plastic pollution, air pollution, greenhouse gases, melting caps of our poles; all have gotten the world leaders thinking ways to slow it down, if not reverse the cycle. There is some good news though. The shift in the electricity sector has effectively become unstoppable. Globally, more renewable energy capacity has been installed than new fossil fuel and nuclear capacity combined, for four years running. Some 181 GW of new renewables capacity was installed in 2018; it now makes up more than one-third of global installed power capacity. These are mainstream power sources, here to stay.

While the world bringing in
reinforcements to address the clean energy needs, India too has spurring its way towards becoming a global epitome of renewable energy. India is the world's third-largest emitter of greenhouse gases, behind China and the United States. To curb emissions, Indian officials say they want to increase the share of renewables in the nation's energy mix.

Renewables currently account for 22 percent of India's total installed capacity of about 357 GW. And the Indian government wants to have 175 GW of renewable-based installed power capacity by 2022, and raise it further to 500 GW, or 40 percent of total capacity, by 2030.

The National Solar Mission is a major initiative of the Government of India and State Governments to promote ecologically sustainable growth while addressing India's energy security challenge. It will also constitute a major contribution by India to the global effort to meet the challenges of climate change.

India is ranked as the fourth most attractive renewable energy market in the world in 2019. As of October 2018, India ranked 5th in installed renewable energy capacity. In this edition of SiliconIndia, we collectively call out for those companies who are doing their bit to bring India 2022 dream for clean energy a reality.

Do let us know what you think.