Union Minister for Client Affairs, Meals and Public Distribution, Prahlad Joshi, stated India is present process a significant increase in its energy sector, with vitality era turning into more and more decentralised. He was talking at an occasion organised by the Indian Enterprise and Alternate Capital Affiliation (IVCA).
Joshi said that world vitality tendencies—notably the shift in direction of renewable and distributed era—are actually being seen in India as properly. He stated that firms like Reliance and others will play a task in distributing vitality immediately from households and smaller items.
The minister stated that India is concentrating on 50% of its vitality necessities from non-fossil gas sources and has already achieved among the objectives that had been set for 2030.
Based on information shared on the occasion, photo voltaic vitality capability has elevated from 2.8 GW in 2014 to 270 GW in 2024, whereas wind vitality capability has risen from 21 GW to 51 GW over the identical interval. Joshi attributed this development to coverage shifts and capacity-building initiatives.
He referred to the federal government’s Rs 20,000 crore allocation beneath the Nationwide Inexperienced Hydrogen Mission. Trials for India’s first hydrogen-powered heavy-duty vans are underway, and inexperienced hydrogen is being launched in sectors resembling energy, refining, fertiliser, and transport, he stated.
On renewable infrastructure, Joshi pointed to Gujarat’s Kutch district, the place a 30 GW solar-wind hybrid park is being developed. He additionally famous rising worldwide curiosity in Rajasthan’s photo voltaic parks.
Commenting on India’s world financial positioning, Joshi stated the nation is transferring towards turning into the third-largest financial system. “We’ve got to compete with international locations like China and america within the coming days,” he stated.
He added that solar energy tariffs have declined from Rs.11 per unit in 2010-11 to Rs. 2.15 per unit in a latest Madhya Pradesh tender. The minister stated this fall in value is indicative of broader modifications within the energy sector.
Joshi stated inter-ministerial work is ongoing to resolve points associated to the usage of defence land for renewable vitality tasks. He additionally recognized battery storage and scaling up home photo voltaic and wind manufacturing as speedy priorities for guaranteeing system stability.
