Summary:

India is rapidly advancing toward its 2030 energy targets. Prime Minister Narendra Modi has announced that a 20% ethanol blend (E20) in fuel will be achieved by October 2025. Key goals include 500 GW of renewable energy capacity, net-zero emissions for Indian Railways, and the production of five million metric tonnes of green hydrogen annually. E20 fuel is now available at over 15,600 outlets, while solar capacity has increased 32-fold, making India the world’s thirdlargest solar power producer.

India is also expanding its focus on hydrocarbons, with 3.36 million square kilometers of untapped reserves in its sedimentary basin. Currently, only 10% of this area is under exploration, with plans to increase it to 16% by 2024, though still below the one million square kilometer target for 2030. As the fourth-largest petroleum refining hub, India’s refining capacity is projected to grow from 256 million tonnes to 309 million tonnes by 2028. With abundant resources, a strategic location, and a stable political environment, India aims to become a global energy leader, balancing both renewable and traditional energy sources.

Source: IBEF

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