India requires substantial investment in its renewable energy sector to meet its Nationally Determined Contributions (NDCs) and the target of reducing carbon emission intensity by 45 percent by 2030. Estimates suggest that around $300-400 billion will be needed by 2030. This amount covers the entire spectrum of renewable energy infrastructure, including generation, transmission, distribution, and storage.
Specifically, to achieve the target of 500 gigawatts of renewable energy capacity by 2030, an investment of approximately $350 billion is required. This sum is spread across various components of the renewable energy sector. India is mobilising around $25 billion for these efforts, highlighting a significant shortfall in capital. This gap underscores the need for increased investment to meet renewable energy targets.
International investment and financing
هذه القصة مأخوذة من طبعة September 2024 من EPR Magazine (Electrical & Power Review).
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة September 2024 من EPR Magazine (Electrical & Power Review).
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Policy reforms boosting pumped storage for RE integration
Considering the cost overruns of delayed and stalled projects, the investments required for concurred projects, and those under survey and investigation, a total investment of 1,737 billion will be required to realise the total hydropower capacity.
THDC aims 2331 MW capacity boost
The company has set an ambitious target of increasing its installed capacity by 2331 MW through the commissioning of key projects, namely, 1000 MW Tehri PSP, 1320 MW Khurja Super Thermal Power Plant, and 11 MW Floating Solar in Khurja STPP.
Advancing Pumped Storage Hydropower for Future Energy Needs
In its report, the Energy and Resources Institute TERI) has strongly emphasised the need to create large-scale Pump Storage Projects PSPs), which are most attractive and essential for optimal utilisation of the rapidly increasing solar capacity, reliable supply and grid stability.
Solar market sees 5 GW installation in Q2
According to a new report by Mercom India Research, the solar sector in India surged, with 5 GW installed in Q2 2024, showing a 170 percent Year-over-Year increase from 2023 but a 49 percent Quarter-over-Quarter drop due to infrastructure delays and regulatory impacts.
REC signs MoU with JNPA for financing ₹45,000 crore
The two entities signed a Memorandum of Understanding MoU) to facilitate financing for various upcoming projects at JNPA, including the development of Vadhavan Port.
Thermal imaging for industrial equipment maintenance
Early detection allows for prompt, targeted maintenance, ensuring continuous operation that extends equipment lifespan while providing a safer working environment.
MECO introduces pocket-ranging digital multimeter
This 3% Digit 4000 Counts Pocket Size Auto Ranging Digital Multimeter Model: 101P+TRMS) is a versatile tool designed for precise measurements in a compact form featuring a robust LCD backlight display, capable of measuring voltage up to 1000V DC and 750V AC, with a current range extending to 10A for both DC and AC.
Rayzon Solar expanding production to 10 GW by 2024
Powering a sustainable future with cutting-edge solar innovations, supporting Viksit Bharat through energy security, job creation, and global leadership.
ABB surpasses 10GW milestone
ABB surpasses the 10GW milestone in delivering solutions for renewable energy plants in India. PLC-based automation solutions enhance renewable energy plants, including solar, wind, and BESS, reinforcing the company’s role in clean energy transition and optimising renewable energy utilisation.
Novasys Greenergy pioneers sustainable solar innovations
The company provides a comprehensive suite of photovoltaic products, applications, solutions, and services. Whether for a small domestic installation or a large-scale industrial project, it delivers tailored solutions that maximise energy efficiency and minimise environmental impact.
