India has the fastest-growing renewable energy capacity addition in the world and the power demand has been witnessing continuous growth, according to R.K. Singh, Union Minister of State (Independent Charge), ministries of Power and New and Renewable Energy. Renewables are supplementing electricity supply to a significant extent.
In addition to the vision of 450 GW installed renewables capacity by 2030, India has a plan not only for grid-connected solar and renewables, but also an ambitious vision for mobility, followed by electricity-based cooking. As a result of the government's measures to achieve Aatmanirbhar Bharat, already EoIs for 20 GW of module and cell manufacturing have been issued. India will continue to be the fastest and largest-growing market for investment in renewables.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app