CEO SAHAB
Summary and Insights
1. Renewable Energy Targets:
Capacity Goals: India aims to achieve 500 GW of installed renewable energy capacity by 2030.
Carbon Intensity: The country has committed to reducing carbon intensity by 45% by the end of the decade.
Net-Zero Emissions: India targets net-zero carbon emissions by 2070.
2. Current Status:
Installed Capacity: India stands 4th globally in renewable energy installed capacity, including large hydro.
Solar and Wind: The country is 5th in solar energy capacity and has significant wind power capacity.
3. Challenges and Budget Needs:
Key Issues: Variability issues, equipment availability, and integration into the grid.
Budget Support: Reducing GST, capital subsidies, tax breaks, and promoting public-private partnerships (PPPs).
Important Companies in the Renewable Energy Business
Tata Power
Adani Green Energy
Suzlon Energy
Sterling and Wilson
Indian Renewable Energy Development Agency (IREDA)
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