ABHISHEK
He stated that India's renewable energy generation is presently inadequate to satisfy the increasing energy demand.
“Once RES and energy storage systems grow larger, improve, and gain efficiency, the proportion of coal in electricity production could decrease,” Prasad stated.
In December 2024, Indian officials revealed intentions to resume coal extraction from closed mines in an effort to boost output and decrease imports, the FT reported.
Prasad states that Coal India will resume production from these mines in collaboration with local private partners.
Even with substantial investments from Indian firms in solar and wind energy, coal continues to account for a major portion of the nation's electricity production - approximately 74 percent. The government of India aims to decrease this portion to 55 percent by 2030 and 27 percent by 2047.
According to analyst firm Ember, investment in renewables in the nation surpassed $13 billion last year, significantly lower than the $68 billion required to achieve the authorities' 2030 goals.
source: ft.com
“Once RES and energy storage systems grow larger, improve, and gain efficiency, the proportion of coal in electricity production could decrease,” Prasad stated.
In December 2024, Indian officials revealed intentions to resume coal extraction from closed mines in an effort to boost output and decrease imports, the FT reported.
Prasad states that Coal India will resume production from these mines in collaboration with local private partners.
Even with substantial investments from Indian firms in solar and wind energy, coal continues to account for a major portion of the nation's electricity production - approximately 74 percent. The government of India aims to decrease this portion to 55 percent by 2030 and 27 percent by 2047.
According to analyst firm Ember, investment in renewables in the nation surpassed $13 billion last year, significantly lower than the $68 billion required to achieve the authorities' 2030 goals.
source: ft.com
