India on track to outperform current renewable energy target

India’s power and renewable energy Minister has revealed he expects the country to add 225GW of clean energy capacity by 2022, far exceeding the current 175GW target.

“India’s current renewable-based power capacity stands at 70GW and we will cross the 175GW target well before 2022,” said R K Singh, Union Minister of State for Power and New & Renewable Energy.

“We have new schemes like offshore wind and floating solar, which will help us over-achieve the current target.”

Officials told the Economic Times that the government is planning to deploy capacity over and above the target in case there is a ‘spurt’ in electricity demand in the developing nation.

Since 2014 India has installed 36GW of clean power capacity, the majority of which has come from wind power although solar energy installations are fast catching up with 18GW added since the end of 2014, largely thanks to falling costs.

Should India reach its new goal of 225GW of renewable energy capacity by 2022, it will be only behind China and the US in terms of total installed capacity.

@RGNonline