Report: India likely to miss renewable energy goals for 2030

"As per the current market scenario and growth trend, India is likely to fall short of the 2030 target by over 104 GW,” GlobalData says.

Official Press Release GlobalData:

India likely to fall short of 2030 renewable target at current pace, opines GlobalData

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India likely to fall short of 2030 renewable target at current pace, opines GlobalData

India announced new renewable energy goals last year to increase non-fossil power capacity to 500 GW and meet 50% of the country’s electricity needs through renewables by 2030. However, after including large hydro under the definition of renewables, the country is likely to achieve its 2022 target but may miss out on the solar specific target, and subsequently fall short of the 2030 target, says GlobalData, a leading data and analytics company.

GlobalData’s latest report, ‘India Power Market Size, Trends, Regulations, Competitive Landscape and Forecast, 2022-2035’, reveals that the target also includes achieving net zero emissions by 2070. India mainly plans to... ... More: Official Press Release GlobalData

GlobalData, India, renewable energy, target, climate change, pace, analyst, GW, solar, capacity, offshore, potential, approval

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