India's Renewable Energy Surge: Minister Joshi's Vision for a Greener Future
Key Ideas
- India's renewable energy capacity has grown significantly, with a 165% increase since 2014, positioning the country as the fourth largest globally.
- The Ministry of New and Renewable Energy aims to achieve 500 GW of non-fossil electricity capacity by 2030, with a focus on energy security and sustainable development.
- Strategic initiatives like the National Green Hydrogen Mission and funding for offshore wind projects are driving India's transition towards renewable energy sources.
- Key schemes such as PMSurya Ghar and plans for renewable energy expansion in Ladakh highlight the government's commitment to a greener and more sustainable future.
Union Minister of New & Renewable Energy, Pralhad Joshi, revealed in the Rajya Sabha that India has seen a remarkable surge in renewable energy capacity, reaching 203.1 GW, a 165% increase since 2014. The ministry aims to further boost this capacity to 500 GW by 2030, aligning with global commitments made at COP26.
Minister Joshi emphasized the government's focus on energy security and sustainable development, outlining key priority areas for the nation. The budgetary allocation for the MNRE has substantially increased for the fiscal year 2024-25, signifying a significant investment towards green initiatives.
India's progress in solar and wind power capacities was highlighted, showcasing the country's transition towards cleaner energy sources. The minister also underscored the importance of strategic initiatives like the National Green Hydrogen Mission, aiming to establish India as a global hub for green hydrogen production.
Various schemes and funding initiatives, such as the PMSurya Ghar and plans for offshore wind projects and energy storage systems in Ladakh, are driving the future growth of India's renewable energy sector. Minister Joshi's vision and the government's commitment to renewable energy signal a positive trajectory towards a greener and more sustainable future for India.