The Indian government has declared its intention to build up non-fossil fuel power capacity through Energy Minister Pralhad Joshi who announced a 1,800 GW target for 2047. The current clean energy capacity in India stands at 252 GW but the government established 500 GW as a temporary objective for 2030 to support its vision of developing into a renewable energy-based nation.
The Indian energy sector experienced substantial growth in solar power and wind energy and green hydrogen development during the previous ten years according to Joshi. The solar power sector has experienced a 43-fold expansion since 2014 when it reached 2.82 GW until it reached 124 GW in the present day. The first five months of the current financial year brought a total addition of 23 GW to India’s renewable energy capacity.
The PM Surya Ghar Muft Bijli Yojana has achieved its goal of installing more than 20 lakh rooftop solar systems while working toward reaching 1 crore installations within the next 18 months. The solar module manufacturing capacity has reached 100 GW while photovoltaic cell production has expanded to 27 GW because of production-linked incentives. The construction of three hydrogen hubs at Kandla and Paradip and Tuticorin aims to achieve green hydrogen prices under $2 per kg by 2030.
