SOLAR PLUS ENERGY WORLD EXPO | SUMMIT | AWARDS 2024
A mega event that is growing up to be India’s Showcase for all facets of the Renewable Energy (RE) industry and related segments. Thus it brings together all stakeholders of the Solar, Wind, Biofuel, Hydrogen, Battery, Thermal, Electrical, Industrial, Lighting, Electronic, Smart, Mobility, Atomic, Hydro, LED, HRD, EV, etc. segments of the entire RE ecosystem.
Sustainable Energy is Hon. PM Shri Narendra Modi ji’s top priority as can be seen from the leaps this and related sectors have grown since his NDA Government took charge. He announced PANCHAMRIT at COP26 India would achieve 500 GW of installed electricity capacity from non-fossil fuel sources by 2030. This capacity addition is over and above the RE capacities that would come up under schemes like Rooftop solar and PM-KUSUM of the MNRE Ministry, which is moving full throttle to fulfill the Hon. PM’s dream. His PANCHAMRIT is a 5 Point towards climate change and sustainable growth on a global scale commits:
1. India will take its non-fossil energy capacity to 500 GW by 2030
2. India will meet 50% of its energy requirements from renewable energy by 2030
3. India will reduce the carbon intensity of its economy by less than 45%
4. India will achieve target of net-zero by 2070
5. India will reduce carbon emissions by 1 billion tonnes by 2030
Hon. Shri Narendra Modi ji’s International Solar Alliance initiated with his French counter-part, is now accepted by 116 countries worldwide and aims to mobilize US $1 trillion of investment for solar energy by 2030.
INDIA’S RENEWABLE ENERGY ACHIEVEMENTS
- India was world’s first country to set up a dedicated Ministry in early 1980s to accelerate renewable energy sources and now called as Ministry of New and Renewable Energy (MNRE)).
- India has committed for a goal of 500 GW renewable energy capacity by 2030.
- India’s vision is to achieve Net Zero Emissions by 2070,
- India is the world’s 3rd largest renewable energy producer with 146651.79 MW as of May 2024
- Solar energy and Wind energy have lions share in India’s renewable energy generation
- India’s installed renewable energy capacity has been experiencing a steady upward trend. From 1,100 MW in 2000, the capacity has gone up to 119,000 MW in 2023
- 3 of the world’s top 5 largest solar parks were in India including world’s largest 2255 MW Bhadla Solar Park in Rajasthan
- Launched Production Linked Incentive Scheme (PLI) schemeto build eco system for domestic manufacturing and reduce import dependency
- The PM- KUSUM (Pradhan Mantri-Kisan Urja Suraksha evam Utthaan Mahabhiyan) aims to harness 25,750 MW for solarising agricultural pumping under a federal subsidy scheme.
- India has also launched a regulation for safe disposal of Solar panels at its end of life
- The Ernst and Young Renewable Energy Country Attractiveness Index (RECAI) ranked India 3rd behind USA and China.
- India initiated the International Solar Alliance (ISA), an alliance of 121 countries.
- India aims at reducing cumulative emissions by one billion tonnes by 2030, and
- emissions intensity of gross domestic product (GDP) by 45% by 2030.
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