The Lawrence Berkeley National Laboratory (LBNL) this week released an in-depth study of India’s future power system investments which suggested that India could economically meet electricity demand through renewables by 2030.
The report shows that India could economically meet its electricity demand, which is expected to double by 2030, through renewables and complementary flexible resources, including energy storage, agricultural load shifting, and hydropower, and optimally utilizing the existing thermal power assets in the country, stated US Department of State media note.
LNBL study was funded by the US Department of State’s Bureau of Energy Resources that sets forth national roadmap for India to meet 500 GW of non-fossil electricity capacity goal by 2030, reported US Department of State media note.
The LBNL study validates the cost-effectiveness of Prime Minister Narendra Modi’s goal of installing 500 GW of non-fossil electricity capacity by 2030. These targets are critical to meeting global climate goals as India is the world’s third-largest energy consuming country.