Solar, Wind Energy to Drive India's Power Growth by 2032

In a recent report by global energy think tank Ember, the remarkable growth of
solar power in India has taken centre stage. Ember’s findings reveal that solar and
wind energy are poised to lead two-thirds of India’s power generation growth by
2032.

Solar power represented merely 1 percent of India’s power mix in 2017. However,
if India successfully achieves its solar targets, its share in the energy mix is
projected to surge from 5 percent to an impressive 25 percent during the financial
year 2022-2032.

Ember’s analysis indicates that India’s power generation landscape, historically
reliant on coal, could undergo a transformative shift in the next decade, with solar
and wind emerging as primary sources. This transformation holds substantial
promise in reducing India’s carbon footprint and promoting sustainable energy
practices.

As India embraces solar energy on a larger scale, there is a growing demand for
increased energy storage capacity to effectively manage peak demand, particularly
during evenings and early mornings.

India has made a commitment to achieve 500 gw non-fossil fuel-based electricity
installed capacity by 2030. Presently, the country boasts a power generation
capacity of 424 gw, with approximately 180 gw originating from non-fossil energy
sources.