Politics · India · 8 hrs ago

Modi says India plans 500 GW more non-fossil energy capacity

Modi says India plans 500 GW more non-fossil energy capacity

Prime Minister Narendra Modi said India plans to add 500 GW of non-fossil energy capacity over the next 10 to 11 years.

He made the announcement at the Bharat Renewable Energy Summit in New Delhi, which runs until November 5 and includes delegates from more than 130 countries.

Modi said investment in clean energy over the past decade had helped India maintain economic growth during global disruptions, including the Covid-19 pandemic and the West Asia crisis.

India has already reached more than 50% non-fossil sources in its installed power capacity, five years ahead of its 2025 target, he said.

The renewable sector could offer more than ₹20 trillion in investment opportunities by 2030, while more than ₹15 trillion has been invested over the past decade.

The government’s rooftop solar programme has enrolled 6.5 million homes, and Modi said participants’ electricity bills had fallen by about 76%.

India says clean energy can strengthen energy security as fossil fuel supplies are limited and concentrated in a few regions.

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What people are saying

Narendra ModiPrime minister of India
The West Asia crisis is still ongoing. But 140 crore (1,400 million) Indians take pride in how effectively the nation has managed the turmoil while maintaining high economic growth.
via Hindustan Times
In the coming 10-11 years, our target is to add 500 Gw of new non-fossil capacity.
via Business Standard
We have fulfilled our Paris pledge of sourcing half of the installed power capacity from non-fossil sources in 2025 — five years ahead of schedule.
via Hindustan Times