India crossed a huge milestone as the Ministry of New and Renewable Energy (MNRE) mentioned in an official statement released earlier that the country has achieved its non-fossil fuel-based energy target, a target that was to be completed by 2030.
“At COP-21, as part of its NDCs, India had committed to achieving 40 per cent of its installed electricity capacity from non-fossil energy sources by 2030. The country has achieved this target in November 2021 itself,” MNRE said in an official statement released earlier.
The Nationally Determined Contributions (NDCs) with total non-fossil based installed energy capacity was 157.32 gigawatts which is 40.1 per cent of the total installed energy capacity of 392.01 GW.
In the last 7.5 years, India has exhibited tremendous growth in the energy sector and has added maximum capacity for renewable energy, alongside large economies.
The REN21 Renewables 2020 Global Status Report stated that India’s renewable energy programmes and projects had a total investment of USD 64.4 Billion. Previously in 2019, a whopping USD 11.2 Billion was invested.
As per Government data, USD 7.27 Billion of Foreign Direct Investment poured into India’s non-conventional energy sector from 2014/15 to June 2021, of which, USD 797.21 million was invested during the pandemic in 2020-21.
(Data from Wion)