India’s renewable energy capacity crosses 57 GW

India’s renewable energy capacity crosses 57 GW
15/06/2017 , by , in ALLIED

India is staying true to its ambitious renewable energy targets by showing a steady growth in renewable energy installations in India, which as of April 2017 account for 17.5 percent of the total energy source.

The latest data, which is provided by the Ministry of New and Renewable Energy (MNRE), has been analyzed by Mercom Capital Group.

India’s overall installed capacity has reached 329.4 GW, with renewables accounting for 57.472 GW.

The figures show a significant rise on the data released by the ministry in February when the figure stood at around 50 GW.

In the country’s renewables mix, wind power accounted for 56.2 percent with as much as 32.3 GW, followed by solar which took the share of 21.8 percent with 12.5 G.

In April 2017, solar reached 3.8 percent of total installed capacity up from 2.23 percent in April 2016.

Country’s coal-fired fleet remains strong with a 59 percent share in the total energy mix, although National Thermal Power Corporation (NTPC) has showed itself to be the principle supporter of the government’s green energy agenda.

India has set a target of reaching 170 GW of renewable energy capacity by 2022, out of which 100 GW is to come from solar.

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