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.

Next Story
Infrastructure Urban

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Next Story
Infrastructure Urban

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Next Story
Infrastructure Energy

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement