FCC

India's Solar Energy Share to Reach 46% by 2047

2024-08-08

In a forward-looking move, the share of solar energy in India's power capacity is projected to hit 46 percent by the year 2047, totaling a massive 856 gigawatts (GW). This projection comes from the ?India Energy Securities Scenarios 2047,? an analytical tool crafted by NITI Aayog, emphasizing a shift towards a sustainable energy future.

The scenario, labeled as Business-As-Usual (BAU), predicts a robust integration of solar energy, leveraging the rapid advancements in solar technology that enhance the efficiency of harnessing solar power. Despite these advancements, the precise estimation of land required for solar parks by 2050 remains uncertain, given the dynamic nature of technological progress in the solar sector.

Complementing this green transition, the Ministry of Environment, Forest, and Climate Change has put into effect the E-Waste (Management) Rules, starting from April 1, 2023. These rules are designed to address the disposal and recycling of used solar photovoltaic modules or panels, underscoring the importance of recovering valuable materials, as mandated by the Central Pollution Control Board (CPCB).

This development was detailed by Minister of State for New & Renewable Energy Shripad Yesso Naik in his written response to the Lok Sabha. By focusing on the recycling of solar infrastructure and advocating for environmentally sustainable energy solutions, the government marks a significant step in aligning India?s energy sector with global sustainability standards.