From only about 30 GW of renewables today, India aims to achieve a capacity of 175 GW by 2022, of which solar is going to account for about 100 GW. The target by 2030 is 350 GW, of which 250 GW is likely to be solar-based. This translates to Annual Growth of 29% YoY for next 7 Years and 21% growth after that.
Solar and storage together will also act as a tool for lifting 35 crore Indians off-grid —around 50% of India’s rural population — and out of energy poverty.
In this 21st century access to electricity is fundamental right and India should leapfrog implementation by directly going solar in india.
India will reportedly require about $250 billion of investment in the renewable energy sector by 2022 to achieve these Goals.
The big question remains how is India going to achieve this ?
The Only way that is possible is that public-private partnerships that ensures the success of implementation of government programmes without leakage.