Is India on Right Track to Become a Leader in Clean Energy Transformation?

India is an abode to one of the largest clean and green energy expansion programs. The nation has constantly proved its intention to clean energy transition through several goals it has set. Union Minister of Power and New and Renewable Energy, R K Singh stated that India is on the right track to become a world leader in the energy transition. The pledge of the government of India to meet the goal of net-zero emissions by 2070 at the COP26 in Glasgow has made a start.

Solar Tele Communication Tower

The Indian government has set a goal to meet 50% of India's power needs from renewable energy sources by 2030. India’s telecom sector that relies on diesel generators for power supply to the towers are nowadays going with solar Telecommunication tower installation that use environmental-friendly solar energy and reduce dependence on the utility grid. Solar Tele communication tower doesn’t pollute the environment and saves the operational cost of diesel generators. Just like the Telecommunication industry, all stakeholders will have to contribute a bit to achieve the ambitious goal of net-zero emissions.

Green Budget of India

A huge portion of India’s 2023-2024 budget i.e. US Dollar 4.3 billion is allocated towards the achievement of net zero emission by 2070 target and India’s transition to sustainable green energy. Indian Prime Minister Narendra Modi said that if these goals are achieved successfully, this could place India strongly on the global map as the leader in the worldwide green energy market. About US$197 billion from this year’s budget are allocated for Indian green energy schemes and projects. This is around 45% more than what was expected to invest in last year’s budget.  

Green Hydrogen

National Green Hydrogen Mission is India's one of the key green energy transition strategies. India sets the target to generate 5 million metric tonnes of green hydrogen each year by the end of 2030. To achieve this aim, the Indian government has allocated US$2.4 billion. Green hydrogen can generate high-temperature heat to supply electricity for large industrial procedures.

Transition to Solar Energy

The transition to renewable energy is highly dependent on solar energy. Right now, solar power accounts for 4% of the country’s total power production capacity. According to a research report, utility-scale solar can provide US$28 billion of revenue by 2030.

India’s Paris Agreement Target

India had pledged in COP-21 in Paris to generate 40% of power from non-fossil fuel sources by 2030. 38.5% of this is already achieved and it will come to 48.5% if power generation capacity under installation is included.  The nation has pledged to cut the carbon intensity of its GDP by about 45% by 2050. A 34% reduction is already achieved in national emission intensity in 2022 and 45% of the reduction commitment is estimated to reach before 2025.

To reduce the users’ stress of regular cleaning and maintenance, solar companies are providing the best solar system AMC services. To meet India’s ambitious goal of the clean energy transition, the government, individuals, civil society, and the private sector must come together.