India's Energy Transition: From Renewables to Green Hydrogen
Key Ideas
  • India aims for 500 GW renewable capacity by 2030, focusing on solar and energy storage solutions.
  • Government allocates $2.4 billion to green hydrogen projects, targeting 5 million metric tons annually by 2030.
  • Efforts towards industrial decarbonization, aligning with global emissions standards, and upgrading power distribution networks.
  • Outlook for 2025 includes incentivizing domestic energy production, growth of renewables, and exploring nuclear energy as a low-carbon alternative.
In 2024, India made significant progress in its energy transition, with a mix of renewable energy growth and efforts towards green hydrogen initiatives. Despite heavy coal dependency, the country is diversifying its energy sources. The government is focusing on boosting renewable energy capacity and investing in solar installations and storage solutions. India has also allocated substantial subsidies to promote green hydrogen projects, aiming to produce 5 million metric tons annually by 2030. Efforts towards sustainability, industrial decarbonization, and upgrading power distribution networks are underway. Looking forward to 2025, India's priorities include enhancing energy security, expanding renewable energy and green hydrogen ecosystems, exploring nuclear energy options, and addressing demand-side constraints in the energy sector.
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