New Delhi, Aug 25 : Union Minister of Power and New and Renewable Energy, RK Singh has said India has achieved emission reduction of 28 percent over 2005 levels, against the target of 35 percent by 2030.

“This makes India among one of the few countries globally which has kept to its Paris Climate Change (COP21) commitments along with an exponential increase in renewable energy capacity,” The minister said in a keynote address at the ‘INDIA-ISA Energy Transition Dialogue 2021.

Commenting on the enactment of favorable policies and regulations to boost the clean energy sector, Mr. Singh said, India has been aggressively pushing for energy efficiency improvements for the past two decades through a combination of innovative market mechanisms and business models.

“It is anticipated that by 2050, 80-85% of India’s overall power capacity will come from renewables. India has already touched 200 GW of peak demand,” he said.

The Minister apprised, the Indian Power Sector to have achieved the coveted milestone of 100 GW of installed Renewable Energy Capacity.

“While 100 GW of capacity has been installed and operationalized, 50 GW of additional capacity is under installation and another 27 GW is under tendering process,” he said.

Presently India stands at 4th position in the world in terms of installed RE capacity 5th in Solar and 4th in Wind energy capacity.

“India plans to continue this momentum in the clean energy sector by systematically scaling up its targets to install 450 GW of renewable energy capacity by 2030 from its existing target of 175 GW by 2022, he further said. (UNI)