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Renewables Race

India’s clean energy ambitions are bold and necessary, but the country faces an uphill battle in turning them into reality.

Renewables Race

Renewable energy sources (Photo:SNS)

India’s clean energy ambitions are bold and necessary, but the country faces an uphill battle in turning them into reality. With a target of reaching 500 GW of non-fossil power capacity by 2030, the pace of renewable energy deployment must accelerate dramatically. Despite record breaking solar and wind installations in recent years, fossil fuels continue to dominate power generation, highlighting the complexities of India’s energy transition.

The challenge is twofold: increasing the share of renewables while ensuring energy security in a rapidly growing economy. The continued expansion of coal-fired capacity, projected to rise by 80 GW by 2031-32, signals a pragmatic but contradictory approach. Coal remains the backbone of India’s energy system, providing a stable base load supply that intermittent renewable sources cannot yet fully replace. However, if coal expansion continues unchecked, it could slow the transition to a cleaner energy mix and hinder climate commitments. One of the biggest roadblocks to scaling up renewables is infrastructure.

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India’s transmission network has not kept pace with the rapid growth in solar and wind installations. Grid congestion, inadequate storage solutions, and delays in connecting new renewable projects to the system remain critical issues. Without significant upgrades in transmission infrastructure, even the most ambitious renewable projects will struggle to reach their full potential. Financing is another key hurdle. While solar and wind power costs have fallen over the years, high capital expenditures and financing constraints still pose challenges. Many renewable energy developers, especially smaller players, find it difficult to secure affordable long-term financing due to high interest rates and regulatory uncertainties.

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A stronger push for green financing mechanisms, policy stability, and risk-mitigation strategies will be essential to sustain the momentum. The intermittency of renewables further complicates matters. Unlike coal or gas, solar and wind generation fluctuates based on weather conditions, making storage capacity crucial for maintaining a reliable supply. Battery technology has improved, but large-scale energy storage solutions remain expensive. India must accelerate investments in grid-scale storage, pumped hydro projects, and hybrid renewable models that combine solar and wind to ensure a more stable power supply. Despite these challenges, there is reason for optimism.

India has consistently demonstrated its commitment to renewable energy through policy support, ambitious tenders, and international collaborations. Innovations such as solar-wind hybrid parks, floating solar farms, and decentralized renewable projects are gaining traction. Moreover, global shifts in green investments and technology advancements in energy storage present new opportunities for India to leapfrog traditional energy constraints. The next five years will be critical.

Without an urgent scaling-up of renewable capacity, In dia risks missing its 2030 clean energy targets. This is not just about meeting climate goals but about securing longterm energy independence, reducing pollution, and fostering sustainable economic growth. A well-executed transition will require a balanced approach ~ one that aggressively expands renewables while addressing infrastructure and financial bottlenecks. If India can overcome these hurdles, it has the potential to become a global leader in clean energy, setting an example for emerging economies worldwide.

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