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Title: India’s renewable energy generation capacity addition in FY23 is estimated at 16 gigawatt (GW), according to ratings agency Icra
Source:Mint
Date:10 January 2022
“Growth prospects robust with India’s commitment to reducing emissions and meeting 50% energy requirement from renewable sources by 2030," Icra said in a statement on Monday, adding that, “Investment requirement remains large at $450 billion - $500 billion to achieve the RE capacity targets by 2030." This green push is expected to help India meet climate commitments it made at the COP-26 summit in Glasgow. At the November summit, Prime Minister Mr Narendra Modi pledged to increase the country’s non-fossil fuel power generation capacity to 500GW and meet 50% of its energy requirements from renewable sources by the end of this decade. The Central Electricity Authority estimates India’s power requirement to rise to 817 GW by 2030.
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