India’s renewable energy target increased to 227 GW from 175 GW by 2022, echoes the government’s commitment to increase the share of renewables in India’s energy architecture and enable the transition to a low carbon economy. The additional 52 GW will also boost governments ‘Make in India’ vision apart from creating new jobs in the country.
With cumulative installation of around 34 GW at the end of FY18 wind energy has crossed the half-way mark and is determined on enabling India’s energy security. Wind energy is competitive with respect to other sources of energy. It has emerged as a mainstream energy source and has entered into industrialization phase backed by huge demand. Volumes are set to grow exponentially with 10-12 GW auctions each year from SECI and state bids combined, as well as from projects less than 25 mw based on FiT (feed-in tariff). Emerging areas such as wind-solar hybrid, offshore and repowering will further enhance the rapid growth of clean energy in the country. The wind industry is confident and enthused to deliver the revised target set by the government.
(Tulsi Tanti is responding to the government’s recent revision in renewable energy target to 225 GW from 175 GW, by 2022.)