India Seeks More From State Oil Firms in Renewables

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India is seeking a jolt from state-run oil and power companies amid concerns it is lagging behind in building solar plants and wind farms to meet a 500-gigawatt target by 2030. Deriving 50% of its electricity from non-fossil fuel sources is the first step towards India progressing towards its 2070 net zero emissions goal. However, India’s private sector renewable pioneers, led by Renew Power, Tata Solar, Suzlon and ACME, failed to meet an earlier target of 175 GW by 2022. India’s variable renewables capacity — wind, solar and some biomass — is around 122 GW or 30% of total installed power capacity of 412 GW. But solar, wind and biomass have accounted for only 12% of total generation this year. Coal continues to be the mainstay of Indian power generation, accounting for over 75% of the electricity produced, according to the Central Electricity Authority.

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