India's Renewable Energy Revolution: A Global Leadership Journey
Key Ideas
- India, under PM Narendra Modi's leadership, has achieved remarkable renewable energy milestones, with solar power capacity reaching 100 GW and ambitious plans to add 500 GW by 2030.
- The country is on track to become a global renewable energy powerhouse by 2047, aiming for 1,800 GW capacity, showcasing remarkable growth and attracting significant investments.
- The government's initiatives like the PM SuryaGhar Yojana and focus on Green Hydrogen through the SIGHT Programme demonstrate India's commitment to sustainable energy transitions and innovation.
- Efforts to address challenges in the sector, streamline regulations, and enhance private sector participation reflect India's strong foundation for a clean energy future.
Union Minister for New and Renewable Energy, Shri Pralhad Joshi, highlighted India's leadership in renewable energy at the India Energy Transition Conference in New Delhi. Under PM Narendra Modi's vision, India has achieved nearly 100 GW of solar power capacity, with plans to add 50 GW annually. The country aims for 500 GW by 2030 and an ambitious 1,800 GW by 2047. Initiatives like the PM SuryaGhar Yojana have benefited households, and the focus on Green Hydrogen under the SIGHT Programme demonstrates India's innovation in the sector. The 4th RE-Invest Summit saw massive investment commitments of $390 billion in solar and wind capacity, solidifying India's position as a global hub for renewable energy. Efforts to address challenges in land acquisition and transmission, along with policy reforms, aim to boost investor confidence. The launch of the FICCI report 'Powering India’s Energy Transition' outlines strategies for net-zero emissions, battery storage, and private sector participation. India's renewable energy revolution is characterized by record investments, ambitious goals, and a commitment to sustainability, paving the way for a low-carbon future with economic growth and energy security.