CURRENT AFFAIRS

Detailed explanation-1: -The target, set in 2015, was 175 gigawatt (GW) of renewable energy capacity to be set up in the country by the year 2022.

Detailed explanation-2: -India’s plan to install 500 GW (gigawatt) of renewable energy capacity by 2030 will involve an investment of at least ₹2.44 lakh crore or ₹2.44 trillion, according to a committee constituted by the Central Electricity Authority (CEA).

Detailed explanation-3: -As part of its climate pledge, India set a target to install 175 GW of renewable energy capacity by 2022. This includes 100 GW of solar energy, 60 GW of wind energy, 10 GW of biomass power, and 5 GW of small hydro power. Solar energy: National Solar Mission was launched in 2010 to promote solar power in the country.

Detailed explanation-4: -The installed power capacity in the country is around 408.72 GW as of 30th November 2022. India achieves 166GW of renewable energy capacity till October 2022. India has achieved its NDC target with total non-fossil based installed energy capacity of 159.95 GW which is 41.4% of the total installed electricity capacity.

Detailed explanation-5: -On cumulative basis, it is an annual growth of 9.1%; for solar energy it was an increase of 19%; while hydropower generation last year increased by 19 GW or only 2% YoY, as per IRENA’s latest Renewable Capacity Statistics 2022 report.