India Plans Massive Renewable Energy Expansion
India Plans Massive Renewable Energy Expansion
India Plans Massive Renewable Energy Expansion
News summary

India's renewable energy sector is witnessing significant commitments and expansions, with NHPC Limited aiming for a capacity of 16,700 MW by 2030, alongside plans for producing 500 metric tons of Green Hydrogen annually. Tata Power also announced an investment of approximately $8.95 billion to add 15 GW of renewable energy capacity in the next five to six years. India's Ministry of New and Renewable Energy indicated that a record 35 GW of solar and wind capacity will be connected to the grid by March 2025, despite previous shortfalls in renewable targets. Meanwhile, Karnataka plans to enhance its renewable energy capacity by 19.2 GW, leveraging initiatives to attract investment and simplify project execution. As India continues to prioritize coal due to rising power demands, there are optimistic projections for increased solar and wind capacity in the coming fiscal years. However, challenges remain, as the country needs to boost clean capacity additions significantly to meet its 2030 targets.

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