Highlights:
- Investment by India in renewable energy hit a record of US $14.5 billion in 2021-22, witnessing an increase of a whopping 125% over FY 2020-21.
- India has set an ambitious target to achieve a capacity of 175 GW worth of renewable energy by the end of 2022, which expands to 523 GW (including 73 GW from hydro) by 2030.
- India has ranked third on the EY Renewable Energy Country Attractive Index 2021.
- India has the fourth-largest installed capacity of wind power and the fifth-largest solar installed capacity in the world.
- In the budget, the government allocated Rs. 19,500 crore (US$ 2.57 billion) for a Production-Linked Incentive (PLI) scheme to boost the manufacturing of high-efficiency solar modules.
There is no alternative to protecting the climate without dramatically transforming how the world uses energy. We can surely turn things around. The solution is renewable energy.
“A nation that leads in renewable energy will be the nation that leads the world.” Such a powerful line by James Cameron reflects how important it is for us to switch to renewable and clean energy.
Read More...
|