India’s clean energy technology capacity is projected to rise significantly by 2030, but the country is likely to miss its green energy target due to challenges like availability of technological innovation and skilled labour. The Centre has set a target for establishing 50 percent cumulative electric power installed capacity from non-fossil fuel-based energy resources by2030.
However, challenges such as technological innovation gaps, skilled labour shortages, inadequate infrastructure, and inconsistent policy enforcement may hinder progress toward these cleanenergy goals by 2030.
Based on projections, India is expected to reach 107 GW in PV modules, 20 GW in wind nacelles, 69 GWh in battery cells, and 8 gigawatts equivalent (GWe) in electrolyzers. This growth will allow India to achieve full self-sufficiency in wind and solar PV, and over 90% in battery cells.
Despite the increasing manufacturing capacity, India still faces challenges in meeting its ambitious targets for installing renewable energy: it is unable to meet its goals for polysilicon and wafer production in the solar PV sector, which hurts its competitiveness.
Similarly, its product mix for wind turbines needs to be aligned with international standards for export, and its fledgling offshore wind sector will require additional investments.
India is facing challenges in meeting its ambitious targets for renewable energy installation, despite growing manufacturing capacity. In the solar PV sector, the country is unable to meet its goals for polysilicon and wafer production, which hurts its competitiveness.
Similarly, India’s product mix for wind turbines needs to be in line with international standards in order to be exported, and its offshore wind sector is still in its early stages and will require additional investments.