Government's Push for Renewable Energy Growth in India
Key Ideas
  • India aims for a significant increase in renewable energy capacity by 2030, with a target of 500 GW non-fossil energy capacity, showcasing a commitment to sustainability.
  • Various initiatives like PM-KUSUM, National Green Hydrogen Mission, and Viability Gap Funding Scheme have been launched to boost renewable energy consumption.
  • Government has waived ISTS charges for projects like Green Hydrogen till December 2030, emphasizing a supportive environment for green energy projects.
  • Measures for grid integration of renewable energy sources include the flexibilization of thermal generation, strict compliance with technical standards, and promotion of Energy Storage Systems.
The Ministry of Power in India has released details showcasing the energy supplied in the country over the last three years, with a notable increase each year. The government is actively promoting renewable energy growth, setting a target of 500 GW non-fossil energy capacity by 2030. Various initiatives, such as the PM-KUSUM scheme and the National Green Hydrogen Mission, have been introduced to accelerate the adoption of renewable energy sources. Additionally, steps like waiving ISTS charges for projects like Green Hydrogen till December 2030 aim to create a conducive environment for green energy projects. The government has also launched schemes like Viability Gap Funding for Offshore Wind Energy Projects and GTAM to facilitate the sale of renewable energy power through exchanges. To ensure the integration of renewable energy into the national grid, measures such as the flexibilization of thermal generation and strict compliance with technical standards have been put in place. The promotion of Energy Storage Systems like BESS and PSP further enhances grid stability. These initiatives highlight the government's positive outlook towards renewable energy growth and sustainability.
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