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The renewable energy (RE) demand from the commercial and industrial (C&I) segment is likely to ramp up in a range between 60 Gigawatt (Gw) and 80 Gw by 2030, Santosh Sarangi, secretary of ministry of new and renewable energy (MNRE), said on Thursday.
“There is going to be increasing induction of renewable energy (RE) through C&I contracts. This year, I believe, C&I installations will exceed about 5-6 Gw,” said Sarangi at Confederation of Indian Industry’s (CII) IndiaEdge event.
He added that renewable energy induction in India would happen through multiple routes and not just Renewable Energy Implementing Agencies (REIAs), the entities responsible for ensuring procurement. The renewable energy tenders floated by states such as Madhya Pradesh, Maharashtra and Gujarat would be of great significance to the country. “We have increasingly seen states coming up with their own RE bids and structuring it to suit their specific local requirements. That is going to be a major chunk of RE induction into our country,” Sarangi said.
RE induction through schemes such as PM-KUSUM and PM Surya Ghar Yojana has reached around 9 GW so far and it is estimated to touch roughly 12 GW by the end of year, added Sarangi.
The government has set the target of reaching 500 GW of non-fossil fuel-based electricity generation capacity by 2030.
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