Asia Pacific
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India’s clean energy ambitions grow, even as fossil fuels stay in the mix
['Rebecca Bundhun']
Channel NewsAsia Asia Pacific News
GOA: India’s energy transition is gathering pace, with renewable power taking centre stage as the country looks to fuel its fast-growing economy.
But while India has made significant strides in expanding clean energy capacity, experts warn that major challenges remain – particularly when it comes to the infrastructure needed to store and deliver that power reliably.
“We think around US$400 billion cumulatively over the next 15 years will be needed to support the build-out of power infrastructure,” said Paul McConnell, head of outlooks and scenarios at S&P Global.
“(There’s little value in) adding generating capacity if it can’t deliver power to where it’s needed.”GREEN ENERGY PUSHIndia, which remains heavily dependent on fossil fuel imports, sees clean energy as a way to rein in costs while reducing its carbon footprint.
The government is aiming to nearly double the nation’s non-fossil fuel power capacity by 2030.