What is the expected percentage of power generation from renewable sources in India's energy mix for the power sector in 2030, according to the Central Electricity Authority's Report on Optimal Generation Mix 2030 Version 2.0?

Solution

In a new publication titled Report on Optimal Generation Mix 2030 Version 2.0, the Union Ministry of Power’s Central Electricity Authority (CEA) offers updated projections on what India’s energy mix for the power sector could look like in 2030. India generated 73 per cent of its power from coal in 2022-23; CEA expects this to go down to 55 per cent by 2030. A greater share in the electricity mix will be held by renewable sources such as small hydro, pumped hydro, solar, wind and biomass, whose generation is expected to rise to 31 per cent in 2030 from 12 per cent currently. The report is an updated version of the same published by CEA in 2020, with projections for 2030 varying marginally between the 2020 and 2023 reports: Ø  Power generation projected for coal in 2030 to go up from 54 per cent to 55 per cent Ø  Large hydro generation to increase from 8 per cent to 9 per cent Ø  Solar generation to go up from 19 per cent to 23 per cent Ø  Wind generation for 2030 to reduce from 12 per cent in the previous report to 9 per cent in the new one Ø  Projection for total installed power capacity for 2030 has been revised to 777 GW compared to the older report which projected 817 GW.