Page 15 - Edelweiss India Conference 2022 FLIPBOOK
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New Energy Digital Manufacturing Capital Markets Human Capital
The increasing mix of renewables will largely be dominated by solar and wind, together accounting
for 58% of overall globally installed capacity by 2050 (up from 19% in 2019). Solar mix is likely to
increase exponentially from 11% in 2019 to 38% in 2050 (Source: Bloomberg NEF).
Global installed capacity mix by 2050 (Global installed capacity mix available for CY20)
2019 2050
40
36
32
28
28
24
24
20
16 20
16
12
8 12
4 8
4
Wind Nuclear Oil Others Coal Gas Hydro Solar
8 5 4 6 28 23 15 11 Wind Nuclear Oil Others Coal Gas Hydro Solar
20 2 4 10 7 15 7 38
Source: Edelweiss Research, Bloomberg NEF.
Solar mix has increased meaningfully in India’s capacity
Solar energy in overall India’s capacity mix has increased by 2x to 11% as on Jun-21 (versus
energy mix in the country.
India targets to achieve solar capacity of 100GW by 2022 from 43GW as on Jun-21. We
believe setting up of integrated solar facilities by Tata Power will not only help the country
India has a renewable energy target of 500GW by 2030 — implying a 20% CAGR
500 500
400
(Installed capacity in GW) 300 CAGR 18% CAGR 20%
200
103
100
0
FY10 FY12 FY14 FY16 FY18 FY20 FY22TD* 2030E
Source: Edelweiss Research, FY22TD data is till Oct-2021
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