By 2040, 49% of electricity will come from RE

According to the REN21 Renewables 2020 Global Status Report, investments in renewable energy projects and programmes totalled US$64.4 billion between 2014 and 2019.

- Varchasvi Gagal

By 2040, around 49 percent of the total electricity will be generated by renewable energy. According to the Central Electricity Authority (CEA), by 2029-30, we can expect the share of renewable energy generation to increase from 18 per cent to 44 per cent, even as India's power requirement grows to 817 GW by 2030, fuelled by increase urbanisation, higher incomes, and a growing population.

As the country's economy grows, it is poised to transform into a global industrial powerhouse in clean energy, driven by government initiatives like the National Green Hydrogen Mission. The impetus for domestic rooftop solar installation can also benefit several million households. More efficient storage batteries, estimated to cut solar energy costs by 66 percent, also contribute to the revolution. However, many challenges need to be met on the ground before this vision can become a reality.

Key Challenges