Share of non-fossil fuel to grow to 50% in domestic energy generation capacity by 2030: MNRE Secy
The government aims to raise the share of non-fossil fuel in India's electricity generation capacity to 50% by 2030, according to MNRE Secretary Bhupinder Singh Bhalla. Currently, non-fossil fuel-based capacity constitutes about 42% of India's ins...
"Approximately 43 per cent of India's current installed electricity capacity is from non-fossil-fuel sources, with projections indicating a rise to 50 per cent by 2030," he said.
As per official figures, there was a 10.79 per cent rise in non-fossil fuel-based capacity (renewable energy sources) addition at 190.57 gigawatt (GW) in 2023-24 over 172.01 GW in 2022-23.
On the progress being made towards The National Green Hydrogen Mission, Bhalla said, "The government has made substantial progress in this regard, having awarded tenders for incentives to support green hydrogen production of a total of 412,000 tonnes per annum.
"Additionally, tenders have been awarded for the establishment of electrolyser manufacturing capacity amounting to 1,500 MW per annum, further bolstering India's capacity to produce green hydrogen at scale," he said.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.