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
This story is from the December 30, 2024 edition of Financial Express Kolkata.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 30, 2024 edition of Financial Express Kolkata.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Agritech to create 80K jobs in 5 yrs: Teamlease
THE AGRI-TECH SECTOR is expected to create 60,000-80,000 new employment opportunities over the next five years, a senior executive of TeamLease Services said.
Regulation, deals, crypto: Fintech themes for 2025
THE CLOUDS THAT hung over the financial-technology industry in 2024 appear to be clearing as interest-rate cuts, recoveries in fintech stocks and promises of a looser regulatory environment in the second Trump administration paint a more promising outlook for startups.
Bhopal gas tragedy: 40 yrs later, toxic waste leaves Union Carbide factory
FORTY YEARS AFTER the Bhopal gas tragedy, the shifting of some 377 tonne of hazardous waste began from the defunct Union Carbide factory on Wednesday night for its disposal, an official said.
From evolution to digital revolution
THE EYE GAVE Charles Darwin \"a cold shudder\". Writing in The Origin of Species, he struggled to explain how natural selection could create something so intricate.
Data protection rules get home ministry's nod
THE RULES WILL also detail specific provisions, such as consent management for minors and exemptions for certain entities or contexts.
Dec GST mop-up at ₹1.77 lakh cr
MS MANI, PARTNER, Deloitte India said the significant increase in both domestic and export refunds indicates that the overall refund framework is now stable and its implementation on a sound footing.
Boost quality control, fix fair pricing: Shah to NCOL
Cooperation Minister Amit Shah on Wednesday directed National Cooperative Organic Ltd (NCOL) to strengthen quality control and establish fair pricing for its \"Bharat Organics\" brand as the government seeks to expand organic farming nationwide.
AI, Convergence, and Beyond
Firms poised to scale up AI deployments into full production
An inspiration for India's Quantum Mission
THE SUCCESS OF Google is a shot in the arm for India's Quantum Computing Mission as this demonstrates the feasibility and great potential of quantum computing and will act a motivation to strengthen the ecosystem. India should speed up our own development, collaborate and get knowledge sharing from Google, focus on applications and algorithms development.
Cutting through the hype on AI, RTO, and DEI
FROM A QUICK glance at 2024's top business headlines, you'd think all companies were pushing return-to-office (RTO) policies, embracing artificial intelligence (AI), and banishing diversity, equity, and inclusion (DEI) programmes.
