Renewable Ripple: India's Green Energy Surge

The Ministry of New & Renewable Energy shares significant strides made in India's renewable energy sector. Highlighting achievements
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Synopsis

The Ministry of New & Renewable Energy shares significant strides made in India's renewable energy sector. Highlighting achievements under the National Solar Mission, the article outlines measures taken to promote renewable power, ongoing major schemes, and the issuance of Letters of Award under the PLI Scheme to establish 48.3 GW of solar PV module manufacturing capacity.

 

Article:

India continues to chart an inspiring trajectory in its quest for sustainable energy solutions. The Union Minister for New & Renewable Energy and Power, Shri R. K. Singh, announced key objectives and accomplishments as part of the National Solar Mission. Among the ambitious goals were the deployment of 100 GW of grid-connected solar power projects, off-grid applications reaching 2000 MW, and the installation of 20 million solar lights by 2022.

To bolster the renewable energy landscape, the government has instituted a series of impactful measures. Initiatives include permitting 100% Foreign Direct Investment (FDI) under the automatic route and waiving Inter State Transmission System (ISTS) charges for solar and wind power projects commissioned by June 2025. The trajectory for Renewable Purchase Obligation (RPO) up to 2029-30, the establishment of Green Energy Corridors, and the launch of the National Green Hydrogen Mission underscore India's commitment to sustainable energy development.

Numerous ongoing schemes signify India's dedication to enhancing its renewable energy portfolio. These encompass the development of Solar Parks and Ultra-mega Solar Power Projects with a target capacity of 40,000 MW, the Production Linked Incentive (PLI) scheme for High Efficiency Solar PV Modules, and the PM-KUSUM Scheme promoting grid-connected solar energy plants and solar-powered agricultural pumps.

India's strides in renewable energy are palpable, with installed solar capacity currently standing at approximately 72.31 GW, inclusive of ground-mounted, rooftop, and off-grid solar projects. The government's emphasis on domestic solar PV module manufacturing is evident through the issuance of Letters of Award for establishing 48.3 GW of solar PV module manufacturing capacity under the PLI Scheme.

Conclusion:

India's commitment to renewable energy is robust, with substantial progress evident in solar power generation and a multitude of schemes fostering sustainable energy practices. The strategic measures and investments reflect the nation's unwavering dedication to transforming its energy landscape towards a greener and more sustainable future.

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