What it's about:
India’s renewable energy capacity exceeded its capacity from coal and other fossil fuels last year for the first time - a significant milestone considering the South Asian country’s dependence on coal reserves.
India added nearly 11,800 megawatts (MW) of renewable energy capacity between April 2017 and March 2018, more than double the 5,400 MW added the previous year, Quartz reports.
New capacity added to energy sources such as hydropower, waste-to-energy and biomass surpassed government targets last year, but fell short in major renewable sectors like wind and solar power.
A mere 350 MW of capacity was added to the rooftop solar sector, significantly lower than the government’s 1,000 MW annual target.
In particular, the waste-to-energy sector experienced an investment boom, adding 24 MW of capacity last year, significantly higher than the 10 MW target.
Why it's noteworthy:
Last year’s numbers show Narendra Modi’s government may be on track to achieve its ambitious target of generating 175 gigawatts (GW) of energy from renewable sources by 2022.
A breakdown of the figures reveals that emerging clean energy technology is gaining momentum in the coal-reliant country, with the waste-to-energy and biomass sectors experiencing a surge in investment.
Experts say higher investment in these areas is encouraging, but most of India’s renewable energy growth will come from wind and solar power projects, which can operate on a much larger scale and are backed by a raft of government incentives.
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