India's Ambitious Renewable Energy Vision: A Path to Clean Energy Export by 2030
Key Ideas
  • India aims to achieve 750 GW of renewable energy capacity by 2030, shifting from being a fossil fuel importer to a clean energy exporter.
  • Former NITI Aayog CEO Amitabh Kant stressed the importance of establishing robust financial systems and leveraging international funds to meet renewable energy targets.
  • Focus on producing green hydrogen and decarbonizing sectors like steel and transport is highlighted as crucial for India's energy transition.
  • Improvements in energy infrastructure, smart grids, smart meters, and battery storage are deemed essential to support the renewable energy transition.
Former NITI Aayog CEO Amitabh Kant has emphasized India's goal of achieving 750 GW of renewable energy capacity by 2030 and becoming a clean energy exporter. He highlighted the need for strong financial systems, such as escrow accounts, to attract private investments and ensure payments to investors. Kant stressed the importance of driving India's own agenda in the face of global crises, aiming to surpass 500 GW and reach 750 GW of renewable energy to counter the country's heavy reliance on fossil fuel imports. India's commitment to non-fossil fuel-based electricity and the necessity of external finances for renewable projects were underlined. Kant called for increased focus on green hydrogen production and decarbonizing challenging sectors like steel and transport. He advocated for enhanced energy infrastructure, including smart grids and battery storage, to support the renewable energy transition. Tripling renewable energy capacity and doubling energy efficiency were highlighted as crucial for climate goals, with a focus on the G20's role in advocating for climate action and technology transfer.
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