Indian Renewable Energy Development Agency Limited (IREDA) has sanctioned over Rs 3,000 crore for green energy projects across Odisha, covering solar, hydro, ethanol and renewable energy manufacturing sectors, IREDA chairman and managing director Pradip Kumar Das said on Monday.
Highlighting India’s remarkable growth in renewable energy, the minister said that the country is not only witnessing an energy revolution but also becoming the renewable energy capital of the world.
Ministry of New and Renewable Energy (MNRE) has announced a significant amendment to the Approved Models and Manufacturers of Solar Photovoltaic Modules (ALMM) Order, 2019, in a major step towards boosting domestic manufacturing and fostering self-reliance in India’s green energy industry.
This emerged at the Japan Country Session, on "Versatility of Industries : Manufacturing and Beyond", theme at the Rising Rajasthan Global Investors summit here on Monday.
The decision was taken at the meeting of the state cabinet presided by Chief Minister Dr Mohan Yadav at the State Secretariat in Bhopal.
“I am happy over IREDA's excellent second-quarter results,” stated Union Minister for New and Renewable Energy and Food, Public Distribution, Joshi.
With a view to strengthen India’s international collaborations in the fields of renewable energy and sustainable development, Union Minister of New and Renewable Energy Pralhad Joshi will embark on a three-day tour to Germany on Sunday.
The share of renewable energy, including hydro, in the country’s power generation is projected to rise to 35 per cent by FY30, up from 21 per cent in FY24, a report showed on Friday.
Speaking at the inaugural ceremony of 4th RE-Invest Summit hosted by MNRE and CII, the minister said that India’s renewable energy capacity addition has grown by 175 per cent and renewable energy generation has grown by 86 per cent since 2014.
The country aims to achieve net-zero carbon emissions by 2070, focusing on renewable energy expansion, and plans to reach 500 GW of non-fossil fuel energy capacity by 2030.
