So far in this series, we discussed different aspects of India’s solar PV sector, including taxation, policies, and the journey towards sustainability.
In early September, India's peak daytime electricity demand stood at 241 GW, a record high.
India's commitment to the EV30@30 initiative that targets at least30% of vehicle sales to be electric by 2030 translates into adding24 million two-wheelers, 2.
On August 25, 2023, Karnataka clocked the highest-ever peak demand for energy at 16,950 MW.
By 2030, India aims to source 50% of electric power from non-fossil fuels and reduce carbon emissions by 45% from 2005 levels.
The state of Kerala is committed to sustainability, with aims to attain net-zero emissions by 2050 and meet 100% of its energy requirements though renewable energy (RE) sources by 2040.
In a welcome move, the Interim Budget 2024 provides great impetus to the rooftop solar segment through the ‘Pradhanmantri Suryodaya Yojana’.
India’s commitment to reach net zero by 2070 and meet 50% of its cumulative installed capacity from non-fossil fuel energy resources is a significant milestone in its fight against climate change.
India is endowed with a 71 GW offshore wind potential, as per the assessment by the National Institute of Wind Energy (NIWE), but the country is yet to set up its first offshore wind plant.
The Sustainable Alternative Futures for India (SAFARI) model (Kumar et al.
As a populous, dense, and developing country, India needs a comprehensive urbanisation strategy for the coming decades to control its greenhouse gas emissions trajectory.
While clean power generation is crucial, India’s energy transition requires concerted efforts from all actors in the power sector value chain.
The Micro, Small and Medium Enterprise (MSME) industries are still majorly dependent on fossil fuels for their energy requirements, making them particularly susceptible to increasing fuel prices.
Bengaluru, 28 June 2024: The Micro, Small and Medium Enterprises (MSMEs) contribute to 31% of India’s gross domestic product, almost 50% of exports, and 57% of all employment in manufacturing sectors, making them crucial to the economy.
