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Adding 50-GW RE yearly can end coal imports by 2029, save India $66bn
Orissa POST
|April 29, 2025
Currently, India has about 151 gigawatts of renewable energy from solar and wind and around 200 gigawatts if hydro, small-hydro and biogas is included
If India adds 50 gigawatts of renewable energy every year, it could completely stop importing thermal coal by 2029 and save about $66 billion in foreign exchange between 2025 and 2029, according to a new report published Monday.
The total savings could be at least $173 billion from 2025 to 2034, the report prepared by think tank Climate Risks Horizon said.
The climate and energy think tank said the country's electricity sector remains heavily dependent on coal imports, with around 20 per cent or 206 million tonnes of thermal coal imported in 2023-24 at a cost of $21 billion.
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