https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

India’s Renewable Energy Surged by Two Folds During April-Nov: Union Minister Pralhad Joshi

The government’s energy sector transformation aligns with its vision of Viksit Bharat by 2047, emphasizing sustainable and green growth
Indian Masterminds Stories

India’s renewable energy capacity nearly doubled to 15 GW during April-November this fiscal compared to the same period last year, demonstrating India’s strong commitment to achieving 500 GW of non-fossil fuel capacity by 2030, Union New & Renewable Energy Minister Pralhad Joshi announced at the CII International Energy Conference & Exhibition 2024 in New Delhi.

Joshi highlighted India’s remarkable progress in the renewable energy sector under the Prime Minister’s leadership, positioning the country as a global leader in clean energy. Between April and November, India added 15 GW of renewable capacity, a significant rise from 7.54 GW in the previous year. The total installed non-fossil fuel capacity now stands at 214 GW, reflecting a 14% year-on-year growth.

The government’s energy sector transformation aligns with its vision of Viksit Bharat by 2047, emphasizing sustainable and green growth. Notably, 2.3 GW of capacity was added in November alone, a fourfold increase from 566 MW in November 2023. Over the past three years, India has attracted USD 6.1 billion in FDI into renewables.

To boost domestic manufacturing, the Production-Linked Incentive (PLI) scheme, with an outlay of rs. 24,000 crore, supports solar panel production. Additionally, 50 solar parks with a combined capacity of 38 GW are planned by 2025-26. The PM Surya Ghar Muft Bijli Yojana aims for 1 crore rooftop solar installations by 2026-27, backed by Rs. 75,021 crore.

Under the National Green Hydrogen Mission, rs. 17,490 crore supports electrolyzer manufacturing and green hydrogen production. Two bidding rounds have already allocated 3,000 MWPA electrolyzer capacity and 4.12 LTPA green hydrogen production. New tenders for green hydrogen (4.5 LTPA) and green ammonia (7.39 LTPA) are also live.

Mr. Joshi invited industry participation, sought suggestions for the upcoming budget, and unveiled the second edition of the CII-EY Energy Transition Investment Monitor report.


Indian Masterminds Stories
Related Stories
NEWS
Andhra Pradesh govt
AP Government Orders Inquiry into IPS Officer P.V. Sunil Kumar for Alleged Misconduct
Kritika Jyotsana IAS
IAS Kritika Jyotsana Takes Charge as Special Secretary Revenue in Uttar Pradesh
Nishant Kumar IAS
IAS Nishant Kumar Earns PM’s Award for Health Innovation in Parvathipuram-Manyam
India logo
8th Pay Commission Approved: Major Salary Hike for Government Employees in 2026
Maharashtra govt-logo
Maharashtra Govt Transfers Five IAS Officers; Ulhasnagar Welcomes Manisha Awhale As First Woman Commissioner
BEML-Limited
BEML Achieves 'Excellent' Rating with Outstanding Score of 90.50 for FY 2023-24
MHA Logo
MHA Urges States to Address Shortage of IPS Officers in Central Agencies
RINL
Union Cabinet Approves Rs 11,440 Crore Revival Package for RINL
Videos
Firoza Mehrotra
How A Gujarati-Speaking Parsi Lady From Maharashtra Served Haryana As An IAS
Prakash Mishra
 A Cop Creating Humour Out of Dogs, Horses, Drills & Of Course Cops
Ashok Charan IRS
An Accomplished Singer, Film Director And Cricketer, He Is Award Winning Income Tax Officer As Well
ADVERTISEMENT
Latest
Andhra Pradesh govt
AP Government Orders Inquiry into IPS Officer P.V. Sunil Kumar for Alleged Misconduct
Opinion Piece
Hectic Reshuffle In Finance Ministry : Five Revenue Secretaries In 39 Days
ADVERTISEMENT
Videos
Firoza Mehrotra
Prakash Mishra
Ashok Charan IRS
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT