Renewable Energy
As India accelerates its transition towards a sustainable future, its renewable energy (RE) sector has witnessed unprecedented growth.
As India accelerates its transition towards a sustainable future, its renewable energy (RE) sector has witnessed unprecedented growth. The country made significant strides in solar and wind energy installations, policy advancements, and infrastructural improvements, setting the stage for ambitious targets. With a commitment to achieving 500 GW of non-fossil fuel-based energy capacity by 2030, India is emerging as a global leader in clean energy.
The Ministry of New & Renewable Energy (MNRE) played a pivotal role in fostering RE growth through policy interventions and financial support. Key highlights include:
- Green Hydrogen Push: The government actively pursued the development of green hydrogen policies to reduce costs and attract investments in this emerging sector.
- Manufacturing Expansion: Domestic solar PV and wind turbine manufacturing were scaled up, supporting India’s ambition to become a global RE manufacturing hub.
- Grid Infrastructure Development: The MNRE proposed significant investments in inter-state transmission systems to evacuate power from renewable-rich states like Rajasthan, Gujarat, and Madhya Pradesh.
India’s renewable energy sector is on a transformative journey,
