As a developing nation pursuing rapid economic growth, India has made every endeavour to walk the climate talk. This is perhaps best illustrated by the scale at which it has expanded its renewable energy (RE) capacity. The results have been impressive, as can be seen in the numbers.
2024 in particular has been a breakout year where several milestones were reached, as India continued to take large strides en route Mission 500 gigawatt (Gw) by 2030. During the year, installed RE capacity crossed the 200 Gw landmark, and stood at 214 Gw by November-end, a 14% jump over last year. In November alone, India added 2.3 Gw of new RE capacity, which is four times what was added last November.
The ministry of new and renewable energy's bidding trajectory of 50 Gw of RE capacity annually till FY28 augurs well for the sector, ensuring there won't be any slowing of momentum in the near future. The series of milestones achieved so far, in a large part by the private sector, have made this sector more worthy of investment for continued expansion, with a steady inflow of funds from private and public investors.
2025 and beyond: Opportunity
Diese Geschichte stammt aus der December 30, 2024-Ausgabe von Financial Express Delhi.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 30, 2024-Ausgabe von Financial Express Delhi.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Sterlite Grid 32 gets over ₹2,400 cr via listed NCDs
FUNDS TO BE USED TO REFINANCE MUMBAI PROJECT
Festive boost to Titan biz growth in Dec qtr
TITAN'S STANDALONE BUSINESS registered a 24% year-on-year growth, the Tata Group company said on Monday while providing an update for the December 2024 quarter.
SC Transfers Amazon, Flipkart's Plea Against CCI to Karnataka HC
THE SUPREME COURT on Monday transferred to Karnataka High Court petitions of Amazon and Flipkart, challenging a Competition Commission of India (CCI) order for a probe into the e-commerce giants for alleged malpractices.
Lodha pre-sales soar to record ₹4,510 cr in Q3
MUMBAI-BASED REAL ESTATE developer Macrotech Developers (also known as Lodha Group) on Monday said it has achieved best ever quarter pre-sales of ₹4,510 crore, showing 32% year-on-year (y-o-y) growth in Q3FY25.
Residual benefit of tariff hikes to boost telcos' Arpu in Q3
KEY METRIC PROJECTED TO RISE 3-5%
Nxtra, Bizongo lead emerging unicorns
FIVE INDIA STARTUPS VALUED AT OVER $900 MN
Isro to dock SpaDeX satellites on January 9
ISRO ON MONDAY said the docking experiment of SpaDeX satellites scheduled for January 7 is now postponed to January 9.
Services PMI rises to 4-month high in Dec
DEMAND BUOYANCY CONTINUES TO DRIVE GROWTH
Govt Mulls Hallmarking for Silver Jewellery
FOOD AND CONSUMER affairs minister Pralhad Joshi on Monday asked the Bureau of Indian Standards (BIS) to consider implementing mandatory hallmarking for silver and silver artifacts following consumer demands.
Centre eyes private capital for ₹9L-cr grid expansion
INDIA IS ASKING states to attract more private capital to accelerate the expansion of its power transmission network, part of a plan to revamp the country's grid and accommodate more clean power.
