India on the Path to Renewable Energy Leadership
Key Ideas
- Renewable energy capacity in India nearly doubled to 15 GW from April-November, positioning the country as a global leader in clean energy.
- India aims to achieve 500 GW of non-fossil fuel-based generation capacity by 2030, with a strong focus on solar and wind energy.
- Government initiatives like PLI scheme and setting up of solar parks demonstrate a commitment to domestic manufacturing and renewable energy growth.
- The Green Hydrogen Mission is progressing well with substantial investments in electrolyser manufacturing and green hydrogen production.
During the April-November period of the current fiscal year, India has witnessed a significant growth in renewable energy capacity addition, reaching 15 GW. Minister Pralhad Joshi highlighted India's remarkable progress in the renewable energy sector, with a total installed capacity touching 214 GW. The government aims to achieve 500 GW of non-fossil fuel-based generation capacity by 2030, supported by initiatives like the PLI scheme and the establishment of solar parks. Additionally, the Green Hydrogen Mission is actively supported, with substantial investments in electrolyser manufacturing and green hydrogen production. Industry leaders emphasized the importance of addressing challenges like financial health of power entities and biomass aggregation to achieve renewable energy targets.
Topics
India
Renewable Energy
Manufacturing
Sustainable Development
Wind Energy
Solar Energy
FDI
Bioenergy
Green Growth
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