India Generates 61.8 BU Renewable Energy by May 2024: Pralhad Joshi
POWER & RENEWABLE ENERGY

India Generates 61.8 BU Renewable Energy by May 2024: Pralhad Joshi

India has achieved a remarkable milestone in its renewable energy sector by generating 61.8 billion units (BU) of renewable energy up to May 2024. This announcement was made by Union Minister Pralhad Joshi, underscoring the nation's commitment to enhancing its sustainable energy capacity.

The surge in renewable energy generation reflects India's concerted efforts to transition towards greener and cleaner energy sources. The country has been investing heavily in various renewable energy projects, including solar, wind, hydro, and biomass, to reduce its carbon footprint and meet its climate goals.

Minister Joshi highlighted that this significant output is a testament to the government's robust policies and initiatives aimed at boosting renewable energy production. The increased generation also aligns with India's ambitious target of achieving 500 GW of renewable energy capacity by 2030.

The growth in renewable energy has been driven by several key factors, including favorable government policies, technological advancements, and increased private sector participation. The government's support through incentives, subsidies, and streamlined regulatory frameworks has played a crucial role in attracting investments and expediting project implementation.

Additionally, the installation of new renewable energy capacities and the enhancement of existing infrastructure have contributed to this impressive performance. India's focus on decentralizing power generation through distributed renewable energy systems has also been a significant factor in this growth.

The data up to May 2024 indicates a positive trend, with renewable energy making substantial contributions to the country's overall energy mix. This progress not only helps in reducing greenhouse gas emissions but also promotes energy security and economic development.

Looking ahead, the government remains committed to accelerating the growth of the renewable energy sector. Efforts are being made to address challenges such as grid integration, energy storage, and financing to ensure the sustained expansion of renewable energy capacity.

In conclusion, India's generation of 61.8 BU of renewable energy up to May 2024 marks a significant achievement in its journey towards a sustainable and resilient energy future. The continued focus on renewable energy development will be pivotal in achieving the nation's environmental and economic objectives.

India has achieved a remarkable milestone in its renewable energy sector by generating 61.8 billion units (BU) of renewable energy up to May 2024. This announcement was made by Union Minister Pralhad Joshi, underscoring the nation's commitment to enhancing its sustainable energy capacity. The surge in renewable energy generation reflects India's concerted efforts to transition towards greener and cleaner energy sources. The country has been investing heavily in various renewable energy projects, including solar, wind, hydro, and biomass, to reduce its carbon footprint and meet its climate goals. Minister Joshi highlighted that this significant output is a testament to the government's robust policies and initiatives aimed at boosting renewable energy production. The increased generation also aligns with India's ambitious target of achieving 500 GW of renewable energy capacity by 2030. The growth in renewable energy has been driven by several key factors, including favorable government policies, technological advancements, and increased private sector participation. The government's support through incentives, subsidies, and streamlined regulatory frameworks has played a crucial role in attracting investments and expediting project implementation. Additionally, the installation of new renewable energy capacities and the enhancement of existing infrastructure have contributed to this impressive performance. India's focus on decentralizing power generation through distributed renewable energy systems has also been a significant factor in this growth. The data up to May 2024 indicates a positive trend, with renewable energy making substantial contributions to the country's overall energy mix. This progress not only helps in reducing greenhouse gas emissions but also promotes energy security and economic development. Looking ahead, the government remains committed to accelerating the growth of the renewable energy sector. Efforts are being made to address challenges such as grid integration, energy storage, and financing to ensure the sustained expansion of renewable energy capacity. In conclusion, India's generation of 61.8 BU of renewable energy up to May 2024 marks a significant achievement in its journey towards a sustainable and resilient energy future. The continued focus on renewable energy development will be pivotal in achieving the nation's environmental and economic objectives.

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement