+
India can achieve 450 GW renewable energy target by 2030: John Kerry
POWER & RENEWABLE ENERGY

India can achieve 450 GW renewable energy target by 2030: John Kerry

John Kerry, US Special Presidential Envoy for Climate, has said that India's target of 450 GW renewable energy by 2030 is doable and has already crossed the 100 GW renewable energy.

He said that it is terrific to see India leading the International Solar Alliance (ISA). India is a close partner with the US, and it supports India's 450 GW renewable energy target by 2030.

While addressing the ISA General Assembly, he said that India could achieve the target. It has already set an example for the emerging economies by reaching 100 GW of renewable energy.

What India demonstrated with its low-cost solar auctions and built out of the transmission grids, massive solar program, and other innovative tools can be replicated across the world, he said.

He added that the US President, Joe Biden, recognises the clean energy opportunity in the US efforts to achieve the nationally-determined contribution (NDC) of 50-52% reduction in the greenhouse gas emission in the US by 2030.

Kerry said that the US department of energy had published a roadmap for how solar energy can generate 40% of the country's electricity by 2035. With 1,000 GW of installed solar energy, it would play the biggest role in making a carbon-free economy by 2035.

He said that ISA is critical in reducing greenhouse gas emissions, and it has the opportunity to accelerate solar power with member countries.

Using the full value of solar energy will require the countries to invest in storage, grid infrastructure, flexibility in demand and supply, and connecting solar power with other parts of the economy that do not use electricity. Kerry said that the countries should invest in electric vehicles and produce clean fuels like hydrogen for solar power.

ISA is an international organisation that works with governments to improve energy access and security across the world and promote solar energy for a sustainable future. It targets to unlock $1 trillion solar investment by 2030 while reducing the cost of technology and financing.

Image Source

Also read: India on track to reach 450 GW RE capacity by 2030: Power ministry

John Kerry, US Special Presidential Envoy for Climate, has said that India's target of 450 GW renewable energy by 2030 is doable and has already crossed the 100 GW renewable energy. He said that it is terrific to see India leading the International Solar Alliance (ISA). India is a close partner with the US, and it supports India's 450 GW renewable energy target by 2030. While addressing the ISA General Assembly, he said that India could achieve the target. It has already set an example for the emerging economies by reaching 100 GW of renewable energy. What India demonstrated with its low-cost solar auctions and built out of the transmission grids, massive solar program, and other innovative tools can be replicated across the world, he said. He added that the US President, Joe Biden, recognises the clean energy opportunity in the US efforts to achieve the nationally-determined contribution (NDC) of 50-52% reduction in the greenhouse gas emission in the US by 2030. Kerry said that the US department of energy had published a roadmap for how solar energy can generate 40% of the country's electricity by 2035. With 1,000 GW of installed solar energy, it would play the biggest role in making a carbon-free economy by 2035. He said that ISA is critical in reducing greenhouse gas emissions, and it has the opportunity to accelerate solar power with member countries. Using the full value of solar energy will require the countries to invest in storage, grid infrastructure, flexibility in demand and supply, and connecting solar power with other parts of the economy that do not use electricity. Kerry said that the countries should invest in electric vehicles and produce clean fuels like hydrogen for solar power. ISA is an international organisation that works with governments to improve energy access and security across the world and promote solar energy for a sustainable future. It targets to unlock $1 trillion solar investment by 2030 while reducing the cost of technology and financing. Image Source Also read: India on track to reach 450 GW RE capacity by 2030: Power ministry

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train’s Surat-Vapi Section Set for 2027

The first section of the Mumbai-Ahmedabad Bullet Train corridor, linking Surat and Vapi, is targeted to begin services in 2027. Construction is expected to be completed by December 2026, while Railway Minister Ashwini Vaishnaw has indicated that an inauguration could take place around the middle of 2027. The National High Speed Rail Corporation (NHSRCL) said the train being manufactured in India is expected to reach the tracks around April or May 2027. The train will undergo extensive testing before the section is opened for passenger services. The project began construction in 2021 and includ..

Next Story
Infrastructure Transport

Indian Railways Approves Four Projects Worth Rs. 7.36 bn Across Four States

Indian Railways has approved four projects with a combined value of Rs. 7.36 bn across Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat. The programme covers train protection, signalling, electric traction supply and a road overbridge, with each project assigned to a different railway zone. In Uttar Pradesh, Rs. 2.52 bn has been approved to extend the Kavach 4.0 automatic train protection system across 607.7 km in the Lucknow Division of North Eastern Railway. The system monitors train movements and can apply the brakes if a driver fails to observe a signal or exceeds a safe speed. The w..

Next Story
Infrastructure Urban

Chandru Raheja Sells 1.49% Stake in Mindspace REIT for Rs. 5 bn

Billionaire Chandru Lachmandas Raheja has sold a 1.49 per cent holding in Mindspace Business Parks REIT for Rs. 5 bn through a bulk deal on the BSE. The transaction involved 9.9 mn units and was executed at an average price of Rs. 505 per unit, according to exchange data. Following the sale, units of Mindspace Business Parks REIT were trading 0.18 per cent lower at Rs. 504.05 on Tuesday. Exchange data did not identify the buyers involved in the transaction. Raheja is the chairman of real estate company K Raheja Corp. The sale involved 99,00,990 units, representing 1.49 per cent of the Mumbai-b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code