![]() 4 GWh Battery Energy Storage Systems supported through Viability Gap Funding.$2.4 Bn National Hydrogen Mission for production of 5 MMT by 2030, $36 Mn additional in Budget.Green Growth identified is one of the nodes in the SAPTARISHI (7 priorities). High Voltage Direct Current Transmission in conjunction with the renewable energy projects.Tidal energy, Ocean Thermal Energy, Ocean Salt Gradient Energy, Ocean Wave Energy and Ocean Current Energy.Renewable energy with storage (only stored component).Wind Energy has an off-shore target of 30 GW by 2030, with potential sites identified.įollowing list of activities in renewable energy will be considered for trading carbon credits under bilateral/ cooperative approaches under Article 6.2 mechanism as assigned under the National Designated Authority for the Implementation of the Paris Agreement (NDAIAPA): This will be supported by 125 GW of renewable energy capacity.ĥ7 solar parks with an aggregate capacity of 39.28 GW have been approved in India. India aims to produce five million tonnes of green hydrogen by 2030. India aims for 500 GW of renewable energy installed capacity by 2030. India has set a target to reduce the carbon intensity of the nation’s economy by less than 45% by the end of the decade, achieve 50 percent cumulative electric power installed by 2030 from renewables, and achieve net-zero carbon emissions by 2070. The following is the installed capacity for Renewables: Up to 100% FDI is allowed under the automatic route for renewable energy generation and distribution projects subject to provisions of The Electricity Act 2003.įor further details, please refer, FDI PolicyĪs of July 2023, Renewable energy sources, including large hydropower, have a combined installed capacity of 179.322 GW. The installed Renewable energy capacity (including large hydro) has increased by around 128 % since 2014. India saw the highest year-on-year growth in renewable energy additions of 9.83% in 2022.The installed solar energy capacity has increased by 24.4 times in the last 9 years and stands at 67.07 GW as of July 2023. India’s installed non-fossil fuel capacity has increased 396% in the last 8.5 years and stands at more than 179.322 Giga Watts (including large Hydro and nuclear), about 43% of the country’s total capacity (as of July 2023). This is the world's largest expansion plan in renewable energy. This has been a key pledge under the Panchamrit. India stands 4th globally in Renewable Energy Installed Capacity (including Large Hydro), 4th in Wind Power capacity & 4th in Solar Power capacity (as per REN21 Renewables 2022 Global Status Report).The country has set an enhanced target at the COP26 of 500 GW of non-fossil fuel-based energy by 2030. ![]() If there are any concerns regarding the accuracy of the information presented within the translated versions of our site, please refer back to the official English language website. By using Google Translate, you understand and agree to this disclaimer. ![]() We shall not be liable for any inaccuracies or errors in the translation and shall not accept liability for any loss, damage, or other problem, including without limitation, indirect or consequential loss or damage arising from or in connection with use of the Google Translate Service. Viewers who rely on information through Google Translate on our website do so at their own risk. We can only verify the validity and accuracy of the information provided in English. We do not make any promises, assurances, or guarantees as to the accuracy, reliability, or timeliness of the translations provided. We do not own, manage or control any aspect of Google Translate and are not responsible for the translations provided by Google Translate. We provide this link to Google Translate as a courtesy to visitors. Please see our disclaimer at the bottom of this page. However, please be aware that, since translations are done by machine, they may not always be perfect. By providing these translations, we hope to make essential information available to a diverse range of investors. Google Translate – an automatic translation service that uses state-of-the-art technology, not human translators, to translate text – provides instant translations in different languages.
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