Google- India’s solar capacity hit 84 GW in May 2024, representing 20% of total power generation, driven by policy initiatives and private investments.
- With a 24% CAGR over five years, recent annual additions have surged to 14 GW.
- To achieve its 2030 target of 500 GW non-fossil fuel energy, India must add 50 GW annually, necessitating significant policy reforms and financial strategies.
- Key areas for focus include corporate renewable energy procurement, new financing models, RE manufacturing support, and robust grid infrastructure.
- Read the full article on Economics Times
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