Anand Kumar, Secretary of Ministry of New and Renewable Energy unveils mega future projects of Government to promote clean energy and reduce the greenhouse gas emission.
In the direction to provide reliable, sustainable and affordable electricity to the masses, the Modi government has set a target of installing 500 GW of renewable energy by 2030.
- The Indian government aims to set up 500 GW of renewable energy capacity by 2030.
- An estimated investment of $330 billion will be required by Indian government in next decade, out of which $250 billion will be for the 2023-2030 phase.
- The government is hoping to increase the clean energy share in overall energy consumption to 40%, from 21.4% of now, by 2030.
- Anand Kumar, Secretary of Ministry of New and Renewable Energy expressed India’s ambitions at the 17th meeting of the International Renewable Energy Agency (IRENA) Council held in Abu Dhabi.
- The Indian government is currently working on installing 175 GW of renewable energy capacity by 2022.
- But research analysts have been sceptical about India meeting its grand targets.
- India currently has an installed renewable energy capacity of around 80 gigawatts.
- Coal will still remain the main source of electricity.