India Achieves 100 GW Milestone in Solar Energy

Why in the news?

India surpassed 100 GW of installed solar power capacity, marking a significant achievement in renewable energy and reinforcing its commitment to achieving the 2030 target of 500 GW non-fossil fuel-based energy capacity.

India Achieves 100 GW Milestone in Solar Energy

Historic Achievement and National Commitment:

  • India has surpassed 100 GW of installed solar power capacity, marking a significant achievement in renewable energy.
  • The Ministry of New and Renewable Energy described this as a testament to India’s commitment to a clean and green energy future.
  • This achievement strengthens India’s position as a global leader in renewable energy.

Government Goals and Vision

  • The milestone aligns with India’s ambitious target of achieving 500 GW of non-fossil fuel-based energy capacity by 2030.
  • Prime Minister Narendra Modi has emphasized sustainable development and clean energy as key priorities.

Government Initiatives for Renewable Energy Promotion:

  • Target: Achieve 500 GW non-fossil energy capacity by 2030 under Panchamrit targets.
  • Key Schemes:
  • National Green Hydrogen Mission: Promote green hydrogen production and export.
  • PM-KUSUM Scheme: Ensure energy security for farmers using non-fossil fuels.
  • PM Surya Ghar Yojana: Free electricity through household solar installations.
  • PLI for Solar PV Modules: Boost domestic manufacturing of solar PV modules.
  • Green Energy Corridor: Synchronize renewable energy with conventional grids.

Other Key Initiatives:

  • ●      100% FDI under the automatic route for renewable energy investments.
  • ●      Transmission Charge Waivers: For solar, wind, and green hydrogen projects.
  • ●      Ultra Mega Renewable Parks: Provide land and transmission for large projects.
  • ●      Standard & Labelling Programs: For solar PV modules and inverters.
  • ●      Green Term Ahead Market (GTAM): Exchange-based renewable energy sales.
  • India’s success in achieving 100 GW solar capacity demonstrates its leadership in clean energy transformation, paving the way for further growth in renewable sectors.