India will meet its 500 GW renewables target before 2030, minister says

India will reach its target of 500 GW of installed renewable energy capacity before 2030. According to Argus, the announcement was made by the country’s energy minister, R. K. Singh. 

At the India Energy Transition Summit this week, Singh reiterated that India plans to have renewables account for at least 65% of installed power plant capacity in 2030. If the country had not “lost” two years during the COVID-19 pandemic, renewables would already account for 50% of total installed capacity, Singh said.

Singh also said he believes India will meet its target of 500 GW of installed renewable capacity before 2030, a commitment it made at the climate conference in Glasgow, Scotland.

According to Argus, India currently has total installed power plant capacity of 424 GW, of which 180 GW comes from plants that do not use fossil fuels. A further 88 GW of capacity is currently under construction.