CURRENT AFFAIRS

Detailed explanation-1: -India’s renewable power capacity is expected to double over 2022-2027. Utility-scale solar plants set up through competitive auctions are critical for the country’s additional renewable energy capacity.

Detailed explanation-2: -In order to keep its global commitments to source half its energy from non-fossil fuel sources by 2030, India must instal 500 GW of capacity at a cost of ₹2.44 lakh crore, according to a new plan report.

Detailed explanation-3: -The installed Renewable energy capacity (including large hydro) has increased from 76.37 GW in March 2014 to 159.95 GW in May 2022, i.e. an increase of around 109.4%. The installed power capacity in the country is around 408.72 GW as of 30th November 2022.

Detailed explanation-4: -This has a share of 42.26% of total installed generation capacity in the country i.e. 408.71 GW as on 31.10. 2022. India stands 4th globally in Renewable Energy Installed Capacity (including Large Hydro), 4th in Wind Power capacity & 4th in Solar Power capacity (as per REN21 Renewables 2022 Global Status Report).

Detailed explanation-5: -Promotion of renewable energy in India effectively started with the setting up of a Commission for Additional Sources of Energy in the Department of Science and Technology in 1981.