India's Ambitious Renewable Energy Drive: Setting Sights on 500 GW by 2030
Key Ideas
  • Union Minister Pralhad Joshi announced plans for a task force dedicated to achieving 500 GW of renewable energy by 2030, emphasizing collaboration with the Ministry of Power.
  • An investment of Rs 42 lakh crore is required to install an additional 288 GW of renewable energy in the next six years, highlighting the urgency of the initiative.
  • Special focus is placed on Odisha's renewable energy potential, particularly in solar and green hydrogen sectors, leveraging its strategic geographic advantages.
  • Additional measures include organizing hackathons for innovation, establishing a Joint Centre of Excellence, boosting domestic solar module manufacturing capacities, and accelerating the PM Surya Ghar Yojana initiative.
Union Minister of New and Renewable Energy, Pralhad Joshi, announced the establishment of a dedicated task force to drive India towards achieving 500 GW of renewable energy capacity by 2030. This ambitious initiative, in collaboration with the Ministry of Power, aims to coordinate efforts across the renewable energy sector. The minister stressed the need to add 288 GW of renewable energy within six years, highlighting the substantial investment requirement of Rs 42 lakh crore. The event in Bhubaneswar shed light on Odisha's renewable energy potential, especially in solar and green hydrogen, leveraging its advantageous geographical position. Minister Joshi also unveiled plans for hackathons to spur innovation in renewable technologies, along with the creation of a new Joint Centre of Excellence with the Ministry of Power. The government intends to bolster domestic solar module manufacturing capabilities and expedite the PM Surya Ghar Yojana program to facilitate solar power adoption.
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