Union Minister Pralhad Joshi declared in the Lok Sabha that India currently produces more than 200 GW of renewable energy. With ongoing projects, an additional 430 GW is projected. The Centre aims to reach 500 GW of non-fossil capacity by 2030, with 150 GW of additional capacity expected to come online soon. Tenders for another 76 GW are underway, bringing the total pipeline to 430 GW.
 

Investment in renewable energy has surged from US$ 715.1 million before 2014 to US$ 4.40 billion over the past decade, a 500% increase. The budget has allocated US$ 2.50 billion for renewable energy, with plans to increase this to US$ 19.07 billion in the coming years. Measures include waiving ISTS charges for solar and wind projects, Green Hydrogen Projects until 2030, and offshore wind projects until 2032. The Union Cabinet has also approved a Viability Gap Funding (VGF) scheme for 1 GW of offshore wind energy.
 

Source: IBEF

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