India targeting 40% of power generation from non-fossil fuel by 2030: PM Modi 

India targeting 40% of power generation from non-fossil fuel by 2030: PM Modi 

News:

1. India targets to generate 40 percent of power from fossil fuel by 2030.

Important Facts:

2. Indian PM has, in first assembly of International Solar Alliance (ISA), called for connecting solar energy supply across borders giving the mantra of ‘One World One Sun One Grid’.
3. Solar energy increased by nine times in the last four years.
4. India’s future Plan to generate power from renewable source of energy:

• Add 50 GW of non-hydro renewable energy to existing 72 GW and will achieve the target of having 175 GW of clean energy by 2022.
• 28 lakh solar pumps would be installed which would help avoid 10 GW generation capacity
• To secure future, resources available above the ground like solar and wind energy need to be harnessed.
• Investment potential of thousands of crores in Solar Manufacturing.

5. Low tariffs for solar and wind power in India will help in achieving the target.
6. Presently, Oil cartel OPEC led by Saudi Arabia meets close to half of the world’s oil needs. According to Indian PM solar power will play the same role that oil wells have played over the past few decades
7. Indian PM has talked about expanding the scope of ISA beyond 125 tropical countries which fall between Tropic of Cancer and Capricorn.
8. About International Solar Alliance:

• International Solar Alliance (ISA) was unveiled by Prime Minister Narendra Modi and then French President Francois Hollande at the U.N. Climate Change Conference in Paris on November 30, 2015.
• It is the India’s first international and intergovernmental organization of 121 Countries to have headquarters in India with United Nations as Strategic Partner.
• The idea was to form a coalition of solar resource-rich countries to collaborate on addressing the identified gaps in their energy requirements through a common approach
• ISA has set a target of 1 TW of solar energy by 2030
• The ISA is open to 121 prospective member countries, most of them located between the Tropics of Cancer and Capricorn