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A wave of investments is fuelling India's renewable energy sector which faces hurdles such as infrastructure constraints, land availability, and policy challenges. #renewable #energy #sustainability https://lnkd.in/gPYUDHZX

The REN21 Renewables 2022 Global Status Report states that India took the top spot in the world in the renewable energy market in 2021. Between April 2000 and March 2023, the renewable energy sector brought in US$14.12 billion in foreign direct investment. It is an ideal location for producing components for renewable energy sources due to the increasing trend of FDI involvement. #renewableenergy #REN21 #economy #PLIScheme #solarenergy #sustainability #greenfuel #AGHorizon #blogsofAG #weekendread #aghorizon #Pmc #consulting #advisory #rakeshsharma #Consultancyexpert #consultancyinindia

India's Renewable Energy Landscape: Navigating Complexities and Embracing Opportunities Recent analysis of India's Renewable Purchase Obligation (RPO) targets reveals a dynamic and evolving landscape. While the overall commitment to renewable energy remains strong, inconsistencies and shifts in specific category targets (wind, hydro, distributed RE, etc.) pose challenges for stakeholders. Dive into our latest article to understand: - The intricacies of India's RPO framework - The implications of changing targets for different renewable sources - Strategies for navigating the evolving regulatory landscape - The opportunities this dynamic environment presents for innovation and growth Read the full article here: https://lnkd.in/gPNk2zGW #RenewableEnergy #India #RPO #EnergyPolicy #Sustainability

GAIL (India) Limited Partners with AM Green to Explore Hybrid Renewable Energy Projects in India Indian state-owned energy company GAIL has signed a memorandum of understanding (MoU) with AM Green (AMG), a producer of green gases, to investigate the establishment of 2.5GW of hybrid solar photovoltaic (PV) and wind projects throughout India. The collaboration aims to conduct studies for a long-term supply of approximately 350,000 metric tonnes per annum of carbon dioxide (CO2), generated by GAIL’s gas processing facilities. This CO2 is intended for the production of eMethanol, an environmentally friendly fuel that supports carbon emissions reduction and a circular economy. Rajeev Singhal, GAIL’s director of business development, emphasized the importance of renewable energy projects […] Read the full story here: https://lnkd.in/d8yQaMD7 #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #amgreen #gail #hybridprojects #india #renewableenergy

The transition towards #cleanenergy is accelerating in #India, presenting tremendous opportunities for financing renewable projects. Despite a significant reduction in #renewableenergy costs over the past decade, substantial investment is still necessary for India to achieve its ambitious net-zero goals. Ensuring the availability of diverse financing options is crucial to sustaining growth in the renewable sector while offering attractive returns to investors. The ‘Mercom India Renewables Summit 2024,’ scheduled for July 25-26, 2024, in New Delhi, will address these critical issues. One of the key sessions, titled ‘Financing the Renewable Energy Sector: Where and How to Secure Funding for the Energy Transition,’ will take place on July 26. https://lnkd.in/gUZzRkMH.

🌍 **India's Renewable Energy Boom: Leading the Way to 2030** 🌍 Exciting news for renewable energy enthusiasts! According to the International Energy Agency (IEA), India is set to be the fastest-growing renewable energy market among large economies through 2030. With ambitious targets and significant investments, India is rapidly transforming its energy landscape, aiming for 500 GW of non-fossil fuel-based energy by 2030. This growth isn't just about meeting targets; it's about creating a sustainable future for all. 🌱🔋 #RenewableEnergy #Sustainability #GreenFuture #India #CleanEnergy

In a recent feature with ET Edge Insights, Shashank Sharma, Founder & CEO of Sunsure Energy, emphasized the pivotal role of the organization in providing low-cost green energy to large corporations and enhancing their global competitiveness amidst evolving green taxes. Mr. Sharma highlighted the company’s focus on innovative, round-the-clock renewable solutions and AI-driven power procurement. He underscores the organization's commitment to fast and efficient execution, while commending its young team. With a vision for powering India’s energy independence, Sunsure is setting the stage for India to remain a preferred destination for global investments in the renewable energy sector. Read More: https://lnkd.in/dv8jzSQc #MakingIndiasPowerMove #RenewableEnergy #EnergyIndependence #GlobalCompetitiveness #GreenEnergy

India's goal of achieving 50 percent #renewable energy in power generation by 2030 requires #budget planning for sustainable growth. The upcoming budget is expected to prioritise financing for renewable energy, boost local #supplychains, and speed up rooftop solar installations. Focus areas may include investing in indigenisation and innovation, developing a 4000 MWh battery storage system, and issuing sovereign green bonds for #sustainable energy projects. Read the article by Anujesh Dwivedi, Partner, Consulting, Deloitte India, and Rajneesh Sharma, Partner, Consulting, Deloitte India, in ET for more insights on how budget planning can drive renewable energy growth. https://deloi.tt/3OqGNqp #Budget2024 #RenewableEnergy #GreenEnergy #WindPower #SolarPower #FossilFuel

India's renewable energy sector is experiencing rapid growth, with renewable energy now making up 43.5% of the country’s total power capacity, according to a report by Rubix Data Sciences Private Limited. This surge is driven by government initiatives like the PM Surya Ghar Muft Bijliee Yojana and the PLI Scheme, both aimed at boosting solar energy adoption and manufacturing. Financial backing has been key, with a fivefold increase in credit offtake since FY2019 and significant budgetary support from the Ministry of New and Renewable Energy (MNRE). Solar parks and other developments are propelling India towards its ambitious goal of 500 GW of non-fossil fuel energy by 2030. However, challenges remain, such as land acquisition, reliance on Chinese imports for solar components, and ensuring a sustainable supply chain. #renewableenergy #solarenergy #india #sustainability #energytransition #solarpower #cleanenergy #mnre #solarpark #solarpowerplant #solarpowered #investment #cleanenergyinvestment #financing

India is aiming for an ambitious energy transformation, with a target of 500 GW of renewable energy by 2030. This project, backed by massive investment, raises infrastructure and management challenges that require urgent reforms if it is to succeed. L’article India towards 500 GW of renewable energy by 2030: an ambitious challenge est apparu en premier sur energynews.