India’s government seeks to dramatically increase the share of renewables in the energy mix by 2047 in line with its independence centenary. (Photo by imagedb.com via Shutterstock)

India’s power secretary Alok Kumar has called for the quick deployment of clean energy plants if the country is to achieve its goal of 90% of its energy coming from renewable sources by 2047.

Kumar told the India-based Economic Times:“The challenge is huge and if we don’t succeed in promoting local manufacturing, India’s energy transition will be very, very, difficult. There is no alternative”.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

India would need to more than double its production of energy from renewable sources between now and 2047 if it is to meet the goal.

India is currently heavily reliant on coal which accounts for 70% of electricity output. The country aims to increase “clean” energy to 50% of the mix by 2030, compared to 42.6% currently.

As the year 2047 will mark 100 years of Indian independence, Modi’s government seeks to mark the occasion with India reaching energy “self-sufficiency”, largely through the use of renewable technologies.

See Also:

To build this domestic energy market India will need to focus on manufacturing of green technologies, Kumar told reporters on the side-lines of a G20 meeting on Monday.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Indian government seeks to advance domestic battery and solar technology manufacturing, with the recent discovery of 5.9 million tonnes of lithium being celebrated by officials.

Renewable capacity in India has grown rapidly in recent years, it is now the fourth-largest in the world for solar, wind and hydropower. The country is, however also the third-largest greenhouse gas emitter.

India’s green policy

The Indian government announced this week that it will issue tenders for the installation of 250GW of green energy capacity by March 2028.

The tenders will support the installation of 15GW of renewable energy capacity each in the first two quarters of this fiscal year, ending March 2024, followed by bids for 10GW in the next two quarters.

10GW will go towards the installation of wind power in the country. Currently wind accounts for nearly a third of renewable capacity while solar accounts for a half.

The news comes after India missed a target to install 175GW of renewable energy capacity by 2022. The tenders serve as a stepping stone towards 500GW by 2030.