India on way to achieving the target of 500 GW of renewable energy by 2030

Tue Nov 05 07:06:06 UTC 2024: ## India on Track to Achieve 500 GW Renewable Energy Target by 2030: Minister

**New Delhi, India:** India is making significant strides towards its ambitious goal of reaching 500 gigawatts (GW) of renewable energy capacity by 2030, according to Minister of New and Renewable Energy, Pralhad Joshi. Addressing the International Solar Alliance (ISA) summit in New Delhi, Joshi highlighted India’s impressive progress in solar energy, with the country achieving 90 GW of installed solar capacity last month.

“India is also setting its sights on new horizons, aiming to produce 5 million metric tons of green hydrogen by 2030,” Joshi added. He further outlined the government’s commitment to expanding solar energy infrastructure by approving 50 solar parks with a total capacity of nearly 37.5 GW and identifying potential offshore wind energy sites to reach 30 GW.

Joshi emphasized the ISA’s “1000 Strategy,” which aims to mobilize $1 trillion in investments towards solar energy solutions by 2030. This strategy, he said, aims to deliver energy access to 1 billion people, install 1,000 GW of solar energy capacity, and mitigate the emission of 1 billion metric tons of carbon dioxide annually.

The minister also highlighted India’s successful solar rooftop initiatives, stating that they are among the best schemes globally for encouraging renewable energy usage. He reiterated the historic significance of solar energy across cultures and urged continued collaboration among governments, international organizations, private sectors, and civil society to accelerate the solar revolution.

India’s commitment to renewable energy aligns with Prime Minister Narendra Modi’s vision for sustainable growth, positioning the nation as a global leader in renewable energy innovation. Joshi stressed that the country’s progress is fueled by the cost-effectiveness of solar energy and its bold vision under Modi’s leadership.

The ISA, a coalition of 120 member countries, has successfully completed 21 out of 27 demonstration projects, showcasing its effectiveness in mobilizing resources and advancing solar energy projects worldwide, particularly in developing countries.