Over the past few years, India has added huge electricity generation capacity, resulting in an impressive reduction in its energy and peak deficits to just 0.4% and 0.6% respectively by June 2019, even as electricity demand has grown 5-6% annually. The country’s electricity supply has historically been largely coal-dominated, with 194GW currently operational. However, in the last 2-3 years, the share of solar and wind generation, although still low, has been increasing rapidly. India has set exceptionally ambitious renewable energy targets, including 175 gigawatts (GW) of renewables (RE) by 2022, and 275GW by 2027, with the aim of achieving 40% of electric power installed capacity from non-fossil fuels by 2030.
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