The report emphasises the need for targeted policies and technological interventions to transition approximately 2.6 terawatt of existing energy assets to green energy
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The MNRE secretary raises the issue of energy storage, which is the biggest challenge before the industry
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The minister said that with almost 91 gigawatt of installed capacity in solar power, India has added approximately 17.44 gigawatt of solar PV capacity between January to September of this year
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To tackle this growth in power demand, substantial expansion of coal capacity is being done along with it solar, wind, storage and transmission capacity is being undertaken
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In the second quarter (Q2), 5 GW of solar capacity was commissioned. Installations dropped over 49 per cent quarter-over-quarter (QoQ) compared to 9.9 GW installed in Q1 2024
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The financing will be provided through long-term non-convertible debentures allocated to the project's special purpose vehicles
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