Centre to deliberate on plans to achieve 500 GW green energy target by 2030
The Union Ministry of New and Renewable Energy (MNRE) announced that it will organize a two-day ‘Chintan Shivir’ in Bhubaneswar on November 14-15 to discuss strategies for achieving the target of 500 GW of renewable energy capacity by 2030, as well as progress toward the next goal of 1800 GW by 2047.
Union Minister of New and Renewable Energy, Pralhad Joshi, will inaugurate the event at ITC Bhubaneswar. The event will also be addressed by Odisha Chief Minister Mohan Charan Majhi, Union Minister of State for New and Renewable Energy Shripad Yesso Naik, Energy Minister of Odisha Kanak Vardhan Singh Deo, and MNRE Secretary Prashant Kumar Singh, according to an official statement.
The ‘Chintan Shivir’ aims to bring together key decision-makers, financial institutions, industrialists, CEOs, and senior officials from central and state governments, who play a vital role in India’s renewable energy sector. Participants will engage in brainstorming sessions on critical and emerging issues in the sector.
The key sessions will include discussions on the PM ‘Surya Ghar Muft Bijli Yojana’, with the goal of achieving 1 crore rooftop solar installations, and promoting solar ancillary manufacturing in India. There will also be discussions on land acquisition and transmission infrastructure as enablers for accelerating utility-scale renewable energy projects.
The first day will feature themes such as ‘From Mines to Modules: India as a Global Solar Manufacturing Hub’, ‘India as a Global Wind Manufacturing Hub’, and the ‘Mismatch between Upcoming RE Capacity and Transmission Readiness’.
The second day will focus on strategies for ensuring renewable energy power off-take by distribution companies, the National Bioenergy Programme, the emerging role of energy storage in India, an integrated strategy for small hydro power plants, and the future of green hydrogen.
Meanwhile, India’s exports of solar photovoltaic (PV) products surged 23 times, reaching $2 billion in fiscal year (FY) 2024, up from FY22. This marks a significant step in India’s transition from a net importer to a net exporter of solar products, according to a report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research and Analytics.
