How much solar energy will India have by 2030?

Solar and wind are expected to carry most of the load. India has committed to 500 GW of renewable energy capacity by 2030, with 280 GW solar and 140 GW wind. Solar has expanded at an annual rate of 36.5 per cent over the past decade, supported by initiatives such as the Solar Parks Programme and rooftop solar schemes.

How much storage will India need by 2031-32?

A big concern is storage. By 2031–32, India will need 73.93 GW of storage, split between 26.69 GW pumped hydro and 47.24 GW battery storage. Storage-linked renewable tenders have surged, from 16 per cent of capacity in 2019 to 43 per cent in 2024, reflecting the urgency of ensuring round-the-clock supply.

Does India have a 50 per cent non-fossil capacity share?

The findings are part of the FICCI–EY report on innovation and critical technologies, which notes that India has already reached 50 per cent non-fossil capacity share ahead of its 2030 deadline. The report highlights the importance of scaling up hydrogen, storage and EV adoption, alongside ensuring mineral security.

What is the energy storage capacity requirement in 2023?

As per National Electricity Plan (NEP) 2023 of Central Electricity Authority (CEA), the energy storage capacity requirement is projected to be 82.37 GWh (47.65 GWh from PSP and 34.72 GWh from BESS) in year 2026-27. This requirement is further expected to increase to 411.4 GWh (175.18 GWh from PSP and 236.22 GWh from BESS) in year 2031-32.