India on track to reach 450 GW RE capacity by 2030
POWER & RENEWABLE ENERGY

India on track to reach 450 GW RE capacity by 2030

According to the Ministry of New and Renewable Energy (MNRE), India is on track to reach renewable energy installed capacity of 450 GW by 2030. In collaboration with FICCI, the ministry hosted a series of events from October 6-8 during Expo 2020 Dubai's Climate and Biodiversity Week....

According to the Ministry of New and Renewable Energy (MNRE), India is on track to reach renewable energy installed capacity of 450 GW by 2030. In collaboration with FICCI, the ministry hosted a series of events from October 6-8 during Expo 2020 Dubai's Climate and Biodiversity Week.‘India's Renewable Energy Achievements and Ambitions’ and ‘Emerging Areas and Opportunities for Renewable Energy in India’  were among the topics discussed at the events. The Indian Renewable Energy Development Agency (IREDA) and Solar Energy Corporation of India (SECI) hosted the events. The International Solar Alliance also hosted an event with the theme ‘One Sun, One World, One Grid’ (OSOWOG), promoting interconnection across borders to harness solar energy without interruption.Minister of Power, New and Renewable Energy RK Singh spoke at the MNRE-FICCI-SECI event, emphasising that the world is on the verge of transformation and that immediate corrective action is required to mitigate climate change, as reported. He also said renewable energy intermittency is a global challenge, emphasising that battery storage per unit is currently high and needs to be reduced.There is already a production-linked incentive (PLI) in place for battery storage, and demand must be boosted to lower storage prices, he shared as reported. Singh added that SECI has experienced promising growth and is expected to maintain this momentum as new and emerging areas in the clean energy space are poised for a boom, and expressed his vision of SECI becoming a new world energy conglomerate. SECI will continue to work toward the goal of 450 GW by 2030.Meanwhile, in his keynote address on the theme ‘Renewable Energy in India: Emerging Areas and Opportunities’  Minister of State Bhagwanth Khuba said India is set to tap into more than 70 GW of offshore wind potential. And  Indu Shekhar Chaturvedi, Secretary, MNRE, said that to a large extent, India's current renewable energy capacity additions are the result of favourable public policy with the private sector playing a key role in achieving this.

Next Story
Real Estate

Dharavi Rising

Dharavi, Asia’s largest informal settlement, stands on the cusp of a historic transformation. With an ambitious urban renewal project finally taking shape, millions of residents are looking ahead with hope. But delivering a project of this scale brings immense challenges – from land acquisition to rehabilitate ineligible residents outside Dharavi and rehabilitation to infrastructure development. It also requires balancing commercial goals with deep-rooted social impact. At the helm is SVR Srinivas, IAS, CEO & Officer on Special Duty, Dharavi Redevelopment Project (DRP), Government..

Next Story
Real Estate

MLDL Records 20.4% Growth in Pre-Sales

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced its financial results for the quarter ended March 31, 2025. In line with INDAS 115, the company recognises revenues using the completion of contract method. Key highlights FY25: Consolidated sales (Residential and IC&IC) of Rs 32.99 billion. Gross development value (GDV) additions in FY25 were Rs 1.81 trillion compared to Rs 440 billion in FY24 (~4x growth). Residential pre-sales of Rs 28.04 billion in FY25, reflecting 20.4% growth o..

Next Story
Infrastructure Transport

UCSL Delivers India's First Green Cargo Vessel to Norway

In a landmark achievement for Indian shipbuilding and the Atma Nirbhar Bharat initiative, Udupi Cochin Shipyard Limited (UCSL), a subsidiary of Cochin Shipyard Limited (CSL), has delivered the first of six next-generation green cargo vessels to Norway-based Wilson Ship Management AS, Europe’s largest short-sea shipping operator. The 3,800 DWT vessel, named Wilson Eco 1, was handed over during a ceremony at New Mangalore Port. The delivery is part of a Rs 5.06 billion project supported by Norway’s green maritime funding programme, marking India's entry into the European eco-friendly ca..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?