Solar will match coal power generation by 2040. That is the main projection of the “India Energy Outlook 2021” by International Energy Agency(IEA). Other highlights include
- India could experience “the largest increase in energy demand of any country worldwide” within the next 20 years
- Currently coal accounts for over 70% of overall generation but only about 4% is produced through solar
- India was on track to exceed its 2015 Paris agreement commitments
- India could add 140-200 GW capacity of battery by 2040 and has the potential to become a global leader in battery storage
The report can be downloaded here.