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 Hyderabad.
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 Hyderabad.
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
Chinese Dam on Table for Sullivan's India Visit
AI, civilian nuclear cooperation, space may also be taken up
Microsoft to spend $80 billion on AI data centers this year
MICROSOFT CORP PLANS to spend $80 billion this fiscal year building out data centers, underscoring the intense capital requirements of artificial intelligence.
Mike Johnson Re-elected US House Speaker
Republican Congressman Mike Johnson on Friday was re-elected as Speaker of the US House of Representatives with a narrow victory margin of three votes.
No jail time for Trump, suggests judge in US hush money case
Will keep fighting, says communications director Cheung
S Korea investigators ask acting prez to clear way for Yoon's arrest
SOUTH KOREAN INVESTIGATORS again asked the country's acting president on Saturday to order the presidential security service to comply with an arrest warrant for impeached President Yoon Suk Yeol.
Rohit clears the air: Not going anywhere
Says those on outside can't influence when he stops playing
Border-Gavaskar Trophy: As Bumrah leaves, 'captain' Kohli calls the shots
Kohli took charge after Bumrah left bowling due to spasm
Some key events to look forward to in space & astronomy
Some key events to look forward to in space & astronomy
Worrying signs from the Arctic
Scientists say fires in the region could have major consequences
Dr Manmohan Singh, RIP
emissary he had deployed. Although sceptical, I bounded off to North Block and was ushered in. It was my first official meeting with the FM. I conveyed the request, not a direction, of the prime minister. Dr Singh was puzzled — I could see that on his face — by the message or, perhaps, the messenger. He listened politely and told me that the second step had already been taken within minutes of the markets opening at 10 am.
