1、INDIASRISING SOLARSECTORSolar energy is a key component for achieving the ambitious target set by Honble Prime Minister for the renewable energy sector. It is expected that at least 25-30 GW of solar PV modules and equivalent capacity of the balance of materials, inverters etc will be required for t
2、he next 10 years. As we expand our solar energy capabilities, we welcome global and domestic investors to become part of our RE journey. By aligning with Indias clean energy goals, they can contribute to Indias energy transition.Amitesh Kumar SinhaJoint Secretary, Ministry of New and Renewable Energ
3、y -INDIAS RISING SOLAR SECTORPREFACEBuilding upon Indias strong commitment towards clean sources of energy, Honble Prime Minister of India, Narendra Modi, reiterated Indias strides in the renewable energy sector on the occasion of the World Sustainable Development Summit 2021- “Renewable energy is p
4、icking speed in India. We are well on track to setting up 450 GW of generating renewable energy by 2030. Indias private sector and several individuals are contributing to this (target).”Indias renewable energy sector provides a massive opportunity for growth. Currently, India has the fourth largest
5、installed capacity of renewable energy in the world. But India has not stopped here and our expansion plans to install 450 GW capacity by 2030 is one of the largest globally. Solar energy capacity expansion is definitely key to achieve this plan. In 2015, during COP21, India led the way by declaring
6、 ambitious government commitments for a New India powered by clean sources of energy, which includes 33-35 percent reduction in the emissions intensity below 2005 levels and an increase in the share of non-fossil fuels in the total installed capacity to 40 percent, by the year 2030. In fact, India h