Renewables Set to Dominate: 65% by 2030, 90% by 2050
POWER & RENEWABLE ENERGY

Renewables Set to Dominate: 65% by 2030, 90% by 2050

During the inauguration of the Sixth Assembly of the International Solar Alliance (ISA), Union Power and New & Renewable Energy Minister R K Singh shared an optimistic vision for the future of renewable energy. He stated that renewable energy sources have the potential to supply 65 per cent of the world's total electricity by 2030 and could decarbonise up to 90 per cent of the power sector by 2050. Singh emphasised the importance of transitioning to clean energy, particularly in the context of the G20 Summit, which highlighted the urgent need for such a shift.

Singh, who also serves as the president of ISA, extended an invitation to member countries, ISA Partner Organisations, and other entities to collaborate with ISA in driving transformative change. The overarching goal of ISA, as he explained, is to create a sustainable world by promoting solar energy solutions. He stressed the objective of tripling global renewable energy capacity by 2030 and aligning these efforts with the established targets and policies of various countries, including the incorporation of zero and low emission technologies. Furthermore, he encouraged the adoption of blended finance and risk-sharing mechanisms in the renewable energy sector.

In the same event, Chrysoula Zacharopoulou, the Co-President of the Assembly and France's Minister of State for Development, Francophonie, and International Partnerships, praised ISA as a crucial initiative in the fight against climate change. She highlighted the organisation's progress in becoming an efficient and results-oriented entity actively implementing its programs on a global scale, significantly impacting the global solar energy landscape.

Ajay Mathur, the Director General of ISA, noted the encouraging 12 per cent annual growth rate in clean energy investments since 2020, primarily driven by solar and wind power projects. However, he pointed out that this surge in investment is concentrated in a limited number of countries, leaving many developing economies, especially in Africa, underserved.

The inauguration ceremony of the sixth ISA Assembly brought together ministers from 20 countries, delegates from 116 Member and Signatory countries, and representatives from 18 prospective countries, demonstrating a global commitment to advancing renewable energy and combating climate change.

During the inauguration of the Sixth Assembly of the International Solar Alliance (ISA), Union Power and New & Renewable Energy Minister R K Singh shared an optimistic vision for the future of renewable energy. He stated that renewable energy sources have the potential to supply 65 per cent of the world's total electricity by 2030 and could decarbonise up to 90 per cent of the power sector by 2050. Singh emphasised the importance of transitioning to clean energy, particularly in the context of the G20 Summit, which highlighted the urgent need for such a shift. Singh, who also serves as the president of ISA, extended an invitation to member countries, ISA Partner Organisations, and other entities to collaborate with ISA in driving transformative change. The overarching goal of ISA, as he explained, is to create a sustainable world by promoting solar energy solutions. He stressed the objective of tripling global renewable energy capacity by 2030 and aligning these efforts with the established targets and policies of various countries, including the incorporation of zero and low emission technologies. Furthermore, he encouraged the adoption of blended finance and risk-sharing mechanisms in the renewable energy sector. In the same event, Chrysoula Zacharopoulou, the Co-President of the Assembly and France's Minister of State for Development, Francophonie, and International Partnerships, praised ISA as a crucial initiative in the fight against climate change. She highlighted the organisation's progress in becoming an efficient and results-oriented entity actively implementing its programs on a global scale, significantly impacting the global solar energy landscape. Ajay Mathur, the Director General of ISA, noted the encouraging 12 per cent annual growth rate in clean energy investments since 2020, primarily driven by solar and wind power projects. However, he pointed out that this surge in investment is concentrated in a limited number of countries, leaving many developing economies, especially in Africa, underserved. The inauguration ceremony of the sixth ISA Assembly brought together ministers from 20 countries, delegates from 116 Member and Signatory countries, and representatives from 18 prospective countries, demonstrating a global commitment to advancing renewable energy and combating climate change.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code