Lok Sabha Question No. 4417 (UNSTARRED), answered on 2018-03-22
Subject: Share of Renewable Power Supply
Ministry: NEW AND RENEWABLE ENERGY
Asked by: M. UDHAYAKUMAR

## GOVERNMENT OF INDIA MINISTRY OF NEW AND RENEWABLE ENERGY

## LOK SABHA UNSTARRED QUESTION NO-4417

TO BE ANSWERED ON-22.03.2018

## SHARE OF RENEWABLE POWER SUPPLY

4417. ADV. M. UDHAYAKUMAR

Will the Minister of NEW AND RENEWABLE ENERGY be pleased to state:-

- (a) whether it is a fact that the country will need at least US $ 125 billion to fund a plan to increase the share  of  renewable  power  supply  in  the  country's  grid  by  2022,  underlining  the  immense  financing challenge ahead;
- (b) if so, the details thereof;
- (c)  whether  the  Government  expects  renewable  energy  to  make  up  40  per  cent  of  installed  power capacity by 2030 compared with 18.2 per cent at the end of 2017; and
- (d) if so, the details thereof?

## ANSWER

## THE MINISTER OF STATE FOR NEW & RENEWABLE ENERGY AND POWER (I/C) (SHRI R.K. SINGH)

- (a) & (b) The Government has set a target for installing 175 GW of Renewable Energy capacity by the year 2022 which includes 100 GW from solar, 60 GW from wind, 10 GW from Biomass and 5 GW from Small Hydro. A cumulative Renewable Energy capacity of 65.55 GW has been installed in the country upto February 2018. To achieve the balance target of 109.45 GW, an investment of approx. 85 billion US$ has been estimated as the capital cost. The details of the source-wise requirement of funds are given in the Annexure.
- (c) & (d) As per Government of India's submission to the United Nations Frame Work Convention on Climate Change on Intended Nationally Determined Contribution (INDC), a cumulative electric power capacity of 40% from non-fossil fuel based energy resources is to be achieved by 2030.  To achieve this, the Government has scaled up the target of installing renewable energy capacity to 175 GW by the year 2022.

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## Annexure referred to in reply to part (a)& (b) of Lok Sabha Unstarred Question No. 4417 for 22/03/2018 regarding 'Share of Renewable Power Supply'.

| Details of Source-wise calculation of amount required to achieve the target of 175GW   | Details of Source-wise calculation of amount required to achieve the target of 175GW   | Details of Source-wise calculation of amount required to achieve the target of 175GW   | Details of Source-wise calculation of amount required to achieve the target of 175GW   | Details of Source-wise calculation of amount required to achieve the target of 175GW   | Details of Source-wise calculation of amount required to achieve the target of 175GW   | Details of Source-wise calculation of amount required to achieve the target of 175GW   |
|----------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------|
| Source                                                                                 | Target to be achieved by 2022                                                          | Capacity Achieved as on 28/2/2018                                                      | Balance                                                                                | Average estimated capital cost per MW (in crore)                                       | Total amount required ( in crore)                                                      | Amount req ( in $ crore ) @64.88                                                       |
| Wind                                                                                   | 60000                                                                                  | 32957.86                                                                               | 27042.14                                                                               | 5                                                                                      | 135210.7                                                                               | 2084.01                                                                                |
| Solar Power                                                                            | 100000                                                                                 | 19584.15                                                                               | 80415.85                                                                               | 5                                                                                      | 402079.25                                                                              | 6197.28                                                                                |
| Biomass                                                                                | 10000                                                                                  | 8527.88                                                                                | 1472.12                                                                                | 7                                                                                      | 10304.84                                                                               | 158.83                                                                                 |
| SHP                                                                                    | 5000                                                                                   | 4476.65                                                                                | 523.35                                                                                 | 10                                                                                     | 5233.5                                                                                 | 80.66                                                                                  |
| Grand Total                                                                            | 175000                                                                                 | 65546.54                                                                               | 109453.5                                                                               |                                                                                        | 552828.29                                                                              | 8520.78                                                                                |
| Expected amount required                                                               | Expected amount required                                                               | Expected amount required                                                               | Expected amount required                                                               | Expected amount required                                                               | In Billions                                                                            | 85.20 say 85.00 US$                                                                    |