India's share of coal in its total power generation capacity dropped below 50% in Q1 2024, marking the first time since the 1960s. Renewable energy accounted for 71.5 percent of the 13,669 MW power generation capacity added by India in Q1 2024. This trend is well ahead of India's target of achieving 50% cumulative power generation capacity from non-fossil fuel-based sources by 2030. The decline in coal's share mirrors a global trend, with demand for coal in G7 countries hitting record lows in 2023. G7 countries pledged to phase out all unabated coal power generation by 2035.
Unfortunately capacity is the first step, but its a step. I’ll crack open a beer when it’s consumption or production…
Agreed. India is investing in a lot of sustainable energy sources, but more pragmatic than altruistic: they want energy independence. The good PR is a happy side effect.