Suzlon Group’s Post

The 2024 Indian Interim Budget and Budget, announced on February 1 and July 23 respectively, provide significant funding and introduce a range of initiatives for renewable energy sector. In this hotline, Palomita Sharma, Sach Chabria and Nishchal Joshipura analyse the measures with a sector-specific lens, explore the changes to the renewable energy framework and assess the potential impact on investments. They further evaluate the adequacy of these initiatives in advancing India’s climate commitment goals. https://lnkd.in/dsW_k48V #renewableenergy #sustainability #climatechange #greenenergy #cleanenergy #sustainabledevelopment #budget

"India a leader in #energytransitions; only major economy to achieve #NationallyDeterminedContributions (#NDCs) way before time," said Shri Raj Kumar Singh, Hon’ble Cabinet Minister, Ministry of New and Renewable Energy (MNRE) at the Spotlight Session of #WSDS2024. He also made the special announcement,“Ministry of New and Renewable Energy (MNRE) is getting into an agreement with TERI - The Energy and Resources Institute for setting up an institute on #energytransition. We will look to this institute to work out various pathways for #transition, to identify the bottlenecks and the most viable ways of moving forward." ▶️ Watch here: https://lnkd.in/d-XHnrzj #Act4Earth

India’s Union Budget 2024-25 focuses heavily on accelerating renewable energy growth, with a target of achieving 500 GW by 2030. The government has allocated ₹19,100 crore towards various initiatives, including solar, wind, and green hydrogen. The budget emphasizes infrastructure development, policy reform, and investment in innovation to position India as a leader in sustainable energy. Read the full article to explore how India is advancing towards a sustainable future. https://lnkd.in/ggKmfw4J Follow IDREA for the latest updates on India's renewable energy transition and global decarbonization efforts and reach out at info@idrea.org to connect with us! #RenewableEnergy #GreenEnergy #IndiaBudget2024 #Sustainability #SolarPower #WindEnergy #GreenHydrogen #ClimateChange #NetZero #CleanEnergy

The first #renewablehydrogen #microgrid in Western #Australia has been launched. On Monday, the Government of Western Australia and #utility Horizon Power released a report outlining their learnings to date, with acting Energy Minister Tony Buti declaring the report “confirms the great opportunity for #hydrogen to play a role in our state's energy transition.” https://lnkd.in/gm2WQZfp

🌐Development Finance for Renewable Energy Generation by Channel, 2013, 2017 & 2022. 💡The global #financial landscape continues to put low-income countries at a significant disadvantage, with the cost of #capital for renewable #energy projects reaching as high as 10%, compared with less than 4% in high-income countries. Instead of supporting developing countries’ efforts to leapfrog #fossil fuels and establish renewables-based economies, this situation exacerbates #inequality and prevents these countries from benefitting from the huge opportunities presented by renewables - not only to address energy access, but also to drive #economic and #industrial development. 🌐ren21.net/gsr-2024/ REN21

As MENA grapples with the prospect of declining consumption of primary fossil fuels by the decade's end, a transformative shift towards renewable energy is imperative. Transition demands reshaping the economy with investments in diverse renewables like solar, wind, and hydropower. Collaborative efforts between governments and private sectors are vital, incentivising clean energy through policies and funding. Collaboration is key to propelling the MENA region towards a diverse, sustainable, and eco-friendly energy future for generations to come. #MENA #RenewableEnergy #CleanEnergyInvestment #Energy

🌐Development Finance for Renewable Energy Generation by Channel, 2013, 2017 & 2022. 💡The global #financial landscape continues to put low-income countries at a significant disadvantage, with the cost of #capital for renewable #energy projects reaching as high as 10%, compared with less than 4% in high-income countries. Instead of supporting developing countries’ efforts to leapfrog #fossil fuels and establish renewables-based economies, this situation exacerbates #inequality and prevents these countries from benefitting from the huge opportunities presented by renewables - not only to address energy access, but also to drive #economic and #industrial development. 🌐ren21.net/gsr-2024/ REN21

India's wind power evolution takes a giant leap! Introducing the 'National Repowering & Life Extension Policy for Wind Power Projects - 2023.' This groundbreaking initiative is set to breathe new life into aging turbines, enabling their upgrade with cutting-edge technology for enhanced efficiency. 🚀 With India's wind power capacity surging from 21.1 GW in 2014 to 44.29 GW in 2023, the Ministry of New and Renewable Energy is spearheading a policy overhaul, focusing on repowering and refurbishing installations predating 2000. 💡 What's more? Financial incentives, including loans and interest rate rebates, are paving the way for a greener and more sustainable future.   https://lnkd.in/d4nGGs5d #windpowerrevolution #greenenergy #sustainableindia #industrynews #news #solar #electricvehicles #renewableenergy #sustainability #finulent #finulentsolutions

India's clean energy investments have been accelerating rapidly. In 2023, investments in clean energy reached $68 billion, driven by a sharp increase in solar and wind power projects. This is part of India’s broader strategy to meet its net-zero emissions target by 2070. The country is also focusing on scaling up domestic manufacturing of clean energy technologies through initiatives like the Production Linked Incentive (PLI) scheme (IEA) #cleanenergy, #renewableenergy, #solarpower, #windEnergy, #netzero, #sustainability, #greenInvestment, #energyTransition, #indiaenergy, #climateaction, #PLIScheme, #decarbonization #sustainableDevelopment

"Support EV sector via PLIs, Investments", says Partner Deepto Roy. In a Fortune India exclusive Budget feature, Deepto said, "I would expect that fiscal and policy steps aligned to the twin goals of infrastructure and energy transition are taken, key to which is renewable energy generation." To know more, click on the link below: https://lnkd.in/g8Bde5UE #Budget2024 #views #infrastructure #Electricvehicles #Budget2024withSAM