Amitabh Kant Advocates 750 GW Renewable Energy Goal

Former NITI Aayog CEO Amitabh Kant has called for India to target 750 gigawatts of renewable energy capacity and become a clean energy exporter by 2030. He emphasized the need for robust financial systems to attract private investments, highlighting the global availability of funds, including USD 150 trillion from sovereign wealth and pension funds. Kant indicated that India, currently importing fossil fuels worth USD 180 billion, must shift its agenda towards renewable energy amid global crises affecting trade and energy prices. The country aims to achieve 500 GW of non-fossil fuel-based electricity by 2030, with 424 GW currently in place. However, India faces challenges such as technological gaps, skilled labor shortages, and inconsistent policy enforcement in its clean energy sector. Despite these hurdles, initiatives like the Production-Linked Incentive (PLI) scheme are in place to enhance domestic manufacturing and reduce reliance on imports.