Go Digital Or Go Home: India’s Focus On Renewables Looks Promising But Is It Sufficient?
India’s efforts towards clean energy transition got a boost as Tesla incorporated its Indian subsidiary in Bengaluru. This move will contribute tremendously towards meeting India’s ambitious target of replacing 30% of its automobile fleet with electric vehicles within the next decade.
Increasing demand of electricity due to EV adoption and transformation in other consumption sectors necessitates a swift transition to renewables-based power generation. Naturally, the government has running an ambitious drive towards setting up more solar and wind power plants in the country.
Under the Paris Agreement, India committed to raise its share of non-fossil capacity to 40% by 2030. While we make huge strides towards a renewable energy sufficient India with decarbonization at its core, we also need to take a look at whether the energy produced is being utilized in the most efficient way.
According to a research, more than 50% of energy is lost in transmission and distribution, even before it reaches the user. Additionally, the supply-demand mismatch often leads the majority of the power getting wasted. Such problems are accentuated in distributed energy like the solar and the wind where power generation holds a high amount of uncertainty
