India's Rise as a Clean Energy Powerhouse
Key Ideas
- India surpasses 200 GW in installed renewable energy capacity, aiming to double investments to USD 32 billion by 2025.
- The country adds 24.72 GW of renewable energy capacity in 2024, with plans to reach 500 GW by 2030, while also venturing into green hydrogen projects.
- India's focus on green hydrogen development and energy storage aligns with its goal of achieving Net Zero by 2070, emphasizing the importance of public-private partnerships and robust policy frameworks.
- As India emerges as a key player in clean energy innovation, its contributions are crucial in the global shift away from fossil fuel reliance.
India has made substantial progress in the renewable energy sector, surpassing 200 GW in installed capacity and planning to double investments to USD 32 billion by 2025. The country aims to add 50 GW of renewable energy annually with the goal of reaching 500 GW by 2030. In addition to solar and wind power, India is also venturing into green hydrogen projects, with a target to produce 7.80 lakh MTPA of green hydrogen in 2025. To support its ambitious targets, India is working on policies to promote green hydrogen development and energy storage solutions, crucial for achieving its Net Zero target by 2070. Experts emphasize the need for public-private partnerships and strong policy frameworks to efficiently meet India's renewable energy goals. With the green hydrogen sector expected to grow rapidly, India's role in clean energy innovation is vital for global efforts to reduce dependence on fossil fuels.
Topics
India
Renewable Energy
Climate Change
Innovation
Investment
Net Zero
Energy Storage
Public-private Partnerships
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