Domestic manufacturing capabilities essential to mitigate supply chain vulnerabilities

One significant challenge is the sustainable sourcing of minerals required for renewable energy technologies. Mining operations must be conducted responsibly to avoid negative environmental impacts.

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The nation has set ambitious goals to achieve net zero emissions by 2070, and NITI Aayog, in collaboration with the Ministry of Power and the Ministry of New and Renewable Energy, has laid out a comprehensive roadmap to achieve this.

Current power scenario

As of now, India’s installed power capacity stands at approximately 425 gigawatts, comprising a mix of thermal, renewable, and nuclear energy sources. Total energy consumption has reached 70.5 terawatt-hours,

With an estimated power demand exceeding 700 gigawatts by 2047, focusing on renewable and low-carbon energy systems becomes increasingly critical.

India aims to install 500 gigawatts of renewable energy capacity by 2030 and 600 gigawatts by 2032 to meet future energy needs. This necessitates a total installed capacity of about 1,100 gigawatts to support sources.

The role of renewable energy