India has 150GW of renewable energy potential, about half in the
form of small hydropower, biomass, and wind and half in solar,
cogeneration, and waste-to-energy. Developing renewable energy can help
India increase its energy security, reduce the adverse impacts on the
local environment, lower its carbon intensity, contribute to more
balanced regional development, and realize its aspirations for
leadership in high-technology industries.
The Report aims to answers critical questions on why renewable
energy development is relevant in Indian context, on how much
development is economically feasible, and on what needs to be done to
realize the potential. The Report is based on data from nearly 180
wind, biomass, and small hydropower projects in 20 states, as well as
information from the Ministry of New and Renewable Energy (MNRE) and
the Central Electricity Regulatory Commission (CERC).
The Report suggests that about 3GW of renewable energy – all
from small hydropower is conomically feasible, when the avoided cost of
coal-based generation of Rs 3.08/kWh is considered. About 59GW of
renewable energy in wind, biomass, and small hydropower is available at
less than Rs 5/kWh. The entire cumulative capacity of 68GW in these
three technologies can be harnessed at less than Rs 6/kWh. About
62GW—90 percent of cumulative renewable capacity in wind,
biomass, and small hydropower—is economically feasible when the
environmental premiums on coal are brought into consideration.
Realizing the need to bridge this gap, the government has set an
ambitious target of installing at least 40GW of additional capacity of
renewables in the next 10 years. India has made tremendous strides in
establishing overarching policy framework and institutions to bring
renewable in the mainstream of energy mix, but significant financial,
infrastructure and regulatory barriers to renewable energy development
remain which the report sheds light on and suggests possible
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