🌞Budget 2024 and India's Solar Brilliance - What can we expect? 👉Capital Boost: Stakeholders urge increased funding for bioenergy, solar, and wind projects to accelerate the transition to renewable energy. 👉Tech Independence: Calls for measures promoting indigenous development, technology transfer, and local manufacturing to reduce reliance on solar panel imports. 👉GST Reduction: A plea for lower GST rates on solar components and electrolyzer manufacturing to enhance the affordability of green energy. 👉Innovative Policy: Introduction of Green Hydrogen Purchase Obligations (GHPOs) to create a guaranteed market, catalyzing investments and reducing project risks. 👉Collaborative Approach: Industry leaders emphasize workforce development through AI-driven tech, infrastructure strengthening, and affordability measures for clean fuel sources. In summary, the solar sector envisions a budget that not only allocates funds but also encourages independence, affordability, and innovation for a sustainable and green future. #SolarSector #GreenEnergy #BudgetExpectations #FYBudget25 #UnionBudget #CreditFair #SolarLoans
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Chartered Accountant | Founder Partner at Kumar Verma and Associates | Legal Advisor | Finance Consultant
One of the world's leading renewable energy nations, India has set a lofty target of 450 GW of capacity by 2030. You must be thinking that this is just a sustainable goal but let me tell you its not just a goal but also a sustainable investment! By the end of our discussion you shall understand why do I say its an economic opportunity ♻ The initial investment might be high, however, renewable energy sources like solar and wind power have lower operational and maintenance costs compared to fossil fuels over the long term ♻ The renewable energy industry creates jobs in production, installation, and research and development, boosting economic growth and stability. ♻ Renewable energy initiatives may help companies fulfil customer demand for sustainable goods and services, improve brand image, and enter new markets. ♻ Renewable energy infrastructure is less sensitive to climate change effects like harsh weather than conventional energy systems, lowering the chance of expensive damages and interruptions. These might appear as simple reasons however, are often neglected by even the major companies. So the next time you are considering to make a sustainable investment don't forget the renewable sources of energy. #sustainability #sustainableinvestment #economicgrowth
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Check out how the International Finance Corporation is leading the way towards a greener future by investing $105 million in a 500MWp solar venture in India. This strategic move towards sustainable energy sources is not only reducing carbon emissions but also creating job opportunities and stimulating economic growth in the region. Learn more about the implications for the renewable energy sector and the importance of collaboration in driving sustainable development. #RenewableEnergy #SustainableInvesting #SolarPower #CleanEnergy. https://lnkd.in/eaBEcVQC #SolarPower #RenewableEnergy #GreenTech #SustainableLiving #EcoFriendlyInnovation
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India is paving the way towards a greener and more sustainable future with over $360 billion set to be invested in renewable energy and infrastructure by 2030 according to Moody's. This massive investment is crucial for achieving the country's goal of 500 gigawatts of renewable energy capacity by the end of the decade. The focus on renewable energy is a vital step towards reducing India's carbon footprint and transitioning to cleaner sources of power. #RenewableEnergy #Sustainability #GreenIndia 🌿🌍🌞 https://lnkd.in/eXEWpuUE #SolarPower #RenewableEnergy #GreenTech #SustainableLiving #EcoFriendlyInnovation
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I applaud the Union Government's decision to join the international 16-member Energy Efficiency Hub. This move strengthens our commitment to sustainable development and renewable energy goals. Through this membership, India will gain opportunities for global collaboration, access cutting-edge technologies and enable knowledge exchange. This will establish India as a key player in the global energy sector, helping achieve our net-zero carbon emissions target by 2070 and 500 GW renewable energy capacity by 2030. India's active contribution to the global energy efficiency and security dialogue is vital for a sustainable future. Together, we can create a brighter future benefiting both people and the planet. #EnergyEfficiency #EnergySecurity #Sustainability #RenewableEnergy
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The 2024-25 Interim Budget shines a spotlight on solar power, witnessing a remarkable 110% surge in allocation to Rs 10,000 crore. This transformative step not only amplifies India's dedication to sustainable energy but also ignites opportunities for domestic solar manufacturers, ushering in a new era of green innovation and economic growth. Check out Eninrac's latest market research report, which comprehensively analyzes the latest opportunities in the Solar Sector in India- https://bitly.ws/U3bP #SolarRevolution #GreenEnergyIndia #RenewableIndia #SustainableFuture #CleanEnergyTransition #SolarPowerIndia
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India, the world's third-largest producer of renewable energy, is making impressive strides towards a greener future. With 40% of its electricity capacity from non-fossil fuel sources, the potential for #growth and #investment is substantial. Projections indicate an 83% surge in investments, reaching $16.5 billion by 2024, signaling a robust commitment to reducing carbon emissions and fostering sustainable growth. The market, currently valued at $22 billion, is expected to more than double to $46.7 billion by 2032. Join us as we delve into the landscape of renewable energy in India and explore global investment trends. Learn how these initiatives are set to transform the energy market and create new opportunities for investors. Stay tuned! #RenewableEnergy #InvestmentOpportunities #IndiaEnergy #SustainableGrowth #GreenFuture Sharmishtha Ghosh Shashwat Nagpal Pankaj Bajoria Mamta Pandhi Aishwarya Lekhwar Sagorika Mazumdar Atul Banshal
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The 2024-25 Interim Budget shines a spotlight on solar power, witnessing a remarkable 110% surge in allocation to Rs 10,000 crore. This transformative step not only amplifies India's dedication to sustainable energy but also ignites opportunities for domestic solar manufacturers, ushering in a new era of green innovation and economic growth. Check out Eninrac's latest market research report, which comprehensively analyzes the latest opportunities in the Solar Sector in India- https://bitly.ws/U3bP #SolarRevolution #GreenEnergyIndia #RenewableIndia #SustainableFuture #CleanEnergyTransition #SolarPowerIndia
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☀️ Is India's 500GW Renewable Energy Dream Becoming Reality? India's ambitious plan to reach 500GW of renewable energy by 2030 is gaining momentum! A recent Green Energy Financing & Sustainability conference fueled optimism for achieving this impressive target. Key Takeaways From the Conference: Ministry's Green Light: Top officials like Shri Sudeep Jain from the Ministry of New and Renewable Energy (MNRE) reassured everyone that India is on track! Conservation Counts: Jain stressed the importance of energy conservation alongside renewable energy production. The PM's Surya Ghar program promoting rooftop solar was also highlighted. Financing the Future: The conference brought together key players to discuss financing mechanisms for sustainable initiatives. Climate Action Now: With 2023 being the hottest year ever recorded, addressing climate change was a central theme. Bridging the Green Gap: Speakers emphasized the need for better communication between investors and renewable energy project developers. Challenges Remain: Land acquisition, transmission infrastructure, and energy storage were identified as hurdles that need to be addressed. Financial Force: The role of financial institutions like SIDBI(Small Industries Development Bank of India) in supporting renewable energy projects was acknowledged. World Bank's Green Hand: The World Bank's contribution to financing innovative clean energy solutions was appreciated. A Sustainable Future Beckons: This conference signifies a significant step towards achieving India's green goals. By fostering collaboration and tackling financing challenges, India is well on its way to a cleaner, more sustainable future. #India #RenewableEnergy #Sustainability #ClimateChange #CleanEnergy #GreenFinancing #WorldBank #SolarPower #WindPower https://lnkd.in/g6NHetfR What are your thoughts on India's ambitious renewable energy target? Share your thoughts in the comments!
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Mark Morelli, the President and CEO of Vontier, a US-based clean energy company, appreciated the goal set by India to achieve energy independence by 2047 and underscored the significance of balancing the energy trilemma, i.e., sustainability, affordability and energy security. A recent study by the US Department of Energy's Lawrence Berkeley National Laboratory offered insights into the key areas that require intervention to achieve energy independence by 2047. According to the study, In addition to investments and funding, technological innovation and policy reforms, other areas to focus on include scaling up renewable energy generation, improving energy efficiency, building smart grids and developing energy storage solutions. India's energy consumption requirements are likely to grow in the coming decades due to rapid urbanization and the population increase, and therefore, to achieve this ambitious goal, the Government of India would be required to undertake transformational changes, including financing and awareness and implementation at the grassroot level. The enhancement of energy sources and investments in the technology and infrastructure would require coordination from the policymakers, regulators as well as private sector players. #energy #energyindependence #sustainability #sustainabledevelopment #energyefficiency #energyindustry #AlayaLegal https://lnkd.in/gPfu5yEM
India's energy independence goal by 2047 is about sustainability, affordability, energy security, says expert
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India’s Green Energy Revolution: ReNew Power Leading the Charge India is making significant strides in the renewable energy sector, and ReNew Power is at the forefront of this transformation. With a commitment to wind and solar power, ReNew is contributing to a cleaner and more sustainable future for our nation. Key Highlights🔑: 💯Impactful Numbers: ReNew has avoided over 100 million tonnes of carbon emissions and has provided renewable energy to millions of households across India. ⚡️Rural Electrification: ReNew initiatives have brought electricity to over 10,000 villages, empowering communities and improving lives. 🌏Global Impact: India's renewable energy sector is poised for significant growth, and ReNew is playing a pivotal role in driving this transition. Let's join ReNew in building a greener, more sustainable India.🌿 Tags: #RenewableEnergy #India #ClimateAction #ReNewPower https://lnkd.in/gmXAuvnB
Leave until it comes from Leaves on Instagram: "India is charging ahead with clean energy!💡ReNew Power (@renewcorp) is leading the way, powering homes, businesses, and dreams with the sun and wind. 🌱 India is the world’s third-largest renewable energy producer, with a total installed capacity of over 170 GW as of 2023 (Source: Ministry of New and Renewable Energy, India).⚡️ Let’s celebrate this
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