India's Renewable Energy Sector: A Path to Dominance
Key Ideas
  • India's renewable energy sector has shown remarkable growth, with a current capacity of nearly 210 GW and plans to reach 500 GW by 2030.
  • Solar energy, especially solar power module manufacturing, has seen significant advancements and is projected to escalate to nearly 300 GW by 2030.
  • The government is driving initiatives like the Production-Linked Incentive scheme and the Green Hydrogen Mission to boost renewable energy production and establish 15 GW of electrolyzer capacity by 2030.
  • The Brainstorming Conclave in New Delhi, attended by key policymakers and industry experts, focused on shaping a sustainable and resilient power sector for India's future energy landscape.
India's renewable energy sector is experiencing rapid growth, as emphasized by Shri Prashant Kumar Singh, Secretary of the Ministry of New and Renewable Energy. The country's renewable energy capacity has surged from 76 GW in 2014 to nearly 210 GW, with ambitious plans to reach 500 GW by 2030. Solar energy, particularly solar power module manufacturing, is a key driver of this growth, with projections indicating a potential capacity of nearly 300 GW by 2030. The government is actively supporting the sector through initiatives like the Production-Linked Incentive scheme and the Green Hydrogen Mission, aiming to boost renewable energy production and establish a substantial electrolyzer capacity by 2030. The Brainstorming Conclave in New Delhi brought together policymakers, government leaders, and industry experts to discuss and shape a sustainable and resilient power sector for India's future energy landscape.
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