The 7th session of the International Solar Alliance (ISA) is taking place at Bharat Mandapam in New Delhi, with its members and prospective countries.
Pralhad Joshi Minister of New and Renewable Energy highlighted the country’s achievements and plans to reshape the global energy future.
India is making significant progress toward its ambitious goal of generating 500 gigawatts (GW) of renewable energy by 2030. This government is set to position India as a global leader in the clean energy sector.
Joshi said solar energy, once just a vision, has become a powerful reality. Recently India reached 90 GW of solar energy, a major milestone in its journey toward cleaner energy sources.
The government is also focusing on producing 5 million metric tons of green hydrogen by 2030, which is expected to promote the country’s renewable energy sector.
Joshi mentioned that India has approved 50 solar parks with a combined capacity of approximately 37.5 GW. Additionally, for offshore wind energy potential sites are being identified, to add 30 GW of wind power worldwide.
“One of India’s best achievements is solar rooftop installations, which empower people to generate their electricity.”
A key focus of the union minister’s address is ISA’s “1000 Strategy”, which aims to raise $1,000 billion in solar energy investments by 2030.
He highlighted that global investments in solar energy are expected to reach $500 billion by the end of 2024, which will not only add to capacity but also bring down overall costs.
This plan targets providing solar energy access to 1 billion people, installing 1,000 GW of solar capacity, and reducing 1,000 metric tons of carbon dioxide emissions every year.
India’s renewable energy efforts align with Prime Minister Narendra Modi’s vision for sustainable growth. Joshi emphasized that these projects are helping India not only contribute to the global energy transition but also set a benchmark for sustainable development.
The ISA, which includes 120 member countries, has completed 21 out of 27 demonstration projects, showcasing its dedication to moving forward solar energy worldwide.
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