Renewable Energy and Energy Efficiency

India is endowed with a 71 GW offshore wind potential, as per the assessment by the National Institute of Wind Energy (NIWE), but the country is yet to set up its first offshore wind plant. In a timely move, the Government of India has initiated bids for offshore wind development of a 4 GW capacity recently.

By February 2024, India's biomass power capacity had surged to 10,845 MW as per the Ministry of New and Renewable Energy (MNRE). This surge in biomass power is crucial for India as it aims to meet 50% of its energy requirements from renewables.

The narrative on agrivoltaics (agriPV) primarily revolves around farmers, recognising their central role in integrating solar energy with agriculture. Increasing farmer incomes and other co-benefits is a critical component in any government plan for agriPV across the globe. However, in a country as diverse as India, it is crucial to explore innovative strategies for agriPV that go beyond the farmer-centric business model. In this context, engaging companies working in the agricultural space can be instrumental for the advancement of agriPV.

India’s relentless drive towards the ambitious 280 GW solar target for 2030 is riddled with obstacles. Recent trends show that availability of land for solar projects is becoming a cause for concern. For example, after the 2 GW Pavagada Solar Park in Karnataka, plans were announced in 2019 to have three more parks (2.5 GW each) in Kopal, Bidar, and Gadag, but land parcels for these parks could not be identified in the last 4 years.

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So far in this series, we discussed different aspects of India’s solar PV sector, including taxation, policies, and the journey towards sustainability. In this concluding piece, we focus on popular technologies, innovations, challenges, and opportunities.

India’s solar photovoltaics (PV) market is rapidly growing. However, to reach the ambitious goal of 500 GW of renewable energy by 2030, there is a pressing need to increase installed capacity and generation targets. With only around 62 GW of installed solar capacity achieved by the end of 2022, India fell short of its 100 GW target for the year. Favourable policies, financial support, technological advancements, and a competitive market are essential for further advancing the growth of India’s solar PV sector.

In the previous article, we discussed the gaps in key areas that hamper the sustained growth of India’s solar PV market. In this article, we shift our focus to two critical aspects that are influencing the sector - ALMM and BCD.

Of India’s nearly 62 GW installed solar capacity, about 50 GW is ground-mounted photovoltaic (PV) plants. Recent trends show that obtaining land parcels for large solar projects is becoming increasingly difficult. Innovative and viable alternatives are needed to reach the 450 GW renewable energy (RE) target for 2030. Among the buzzwords circulating in the upper echelons of policy and decision-making is ‘agrivoltaics’. The concept aims to optimise land usage by combining agriculture with PV (agriPV).