India reaches non-fossil fuel milestone much ahead of 2030 deadline

In a major crossing of a milestone, India's Ministry of New and Renewable Energy (MNRE) has said that India has achieved its non-fossil fuel-based energy target, something 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 a statement released last month

The Nationally Determined Contributions (NDCs) with total non-fossil based installed energy capacity was 157.32 gigawatts (GW). This is 40.1 per cent of the total installed energy capacity of 392.01 GW

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In the last 7.5 years, India has shown a tremendous rate of growth and has added maximum capacity for renewable energy among large economies.

As per REN21 Renewables 2020 Global Status Report, there was a total investment of USD 64.4 billion in India's renewable energy programmes and projects. USD 11.2 billion were invested in the year 2019 alone.

Government data shows that India's non-conventional energy sector received USD 7.27 billion through foreign direct investment from the year 2014-15 up to June 2021. Out of this, FDI of USD 797.21 million trickled in during 2020-21.