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India continues to make Significant strides on its Clean Energy Transition Plans

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Despite, India facing challenges on the cost and supply chain front, IEA has forecasted that the country will entail a significant capacity growth in the current year. According to IEA, India’s new renewable energy capacity is expected to rise to 290 GW in 2021. This will be an all-time high for new installations for the country. India strives to reach 500 GW of renewable power capacity by 2030 and has demonstrated a strong growth rate even in the past. The NHPC has recently announced plans to launch clean energy projects of 27GW in nine Indian states of Uttar Pradesh, Bihar, Odisha, Rajasthan, Tamil Nadu, Kerala, Maharashtra, Andhra Pradesh, and Odisha, as well as Nepal. The company has readily committed over Rs.10,000 crore for these projects.

The country has also committed to an ambitious target of achieving ~50% overall electrification and 30% market penetration in the passenger cars segment by 2030. The Indian EV market is touted to become a multibillion-dollar opportunity in the near future offering the largest untapped market in the world. With the electrification of the auto industry, India estimates to reduce its crude oil usage by a whopping 156 million tonnes and also curb its carbon footprint. As per global forecasts, EVs will begin outselling their fossil fuel cars by 2040. India is currently focusing on aggressive foreign investments, new manufacturing hubs, and improving charging infrastructure to achieve its goal.

Also, read about the 7 Ways You Can Fight Against Climate Change.

RE global growth is expected to be exponential with the amount of renewable capacity added over the period of 2021-2026 expected to be 50% higher than from 2015-2020, driven by stronger support from government policies and ambitious clean energy goals. China will continue to remain the global leader in terms of capacity additions, while Europe and the US will follow closely. The world at large has wakened to the immediate perils of climate change and is taking a tough stand to combat the same. Well, Better Late Than Never! Renewables are set to account for ~95% of the increase in global power capacity by 2026 and solar is estimated to provide for more than half of this capacity.


Sneha Shah

I am Sneha, the Editor-in-chief for the Blog. We would be glad to receive suggestions, inputs & comments on GWI from you guys to keep it going! You can contact me for consultancy/trade inquires by writing an email to

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