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Green milestone: Share of coal in India’s total installed electricity capacity drops below 50%
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“The share of coal in installed capacity has seen a gradual decline from 54.8% in FY21 to 52.7% in FY22 to 50.9% in FY23 and 49.2% in FY 24. This is mainly because of significant addition of RE,” said Gagan Sidhu, director of CEEW-CEF. “The cost of two-hour storage has fallen by 59% since August 22. There are various innovative RE formats now that provide more predictable supply of power.”
Renewable energy (RE) sources accounted for 71% of the 26 gigawatts (GW) of power generation capacity added in India during the fiscal year
India formally updated its climate change commitments in August 2022, pledging to the United Nations to reduce its GDP emissions intensity by 45% from 2005 levels by 2030 and to have 50% of its power capacity from non-fossil sources by the same year.
