500 GW of RE : at committee stage ?

 

 

Article link:

 

Task Force to be Set Up to Achieve 500 GW Renewable Energy Capacity by 2030: Union Minister Pralhad Joshi, ET EnergyWorld India The Middle East, and Africa

 

Extract from the article:

 

In the article, Union Minister Pralhad Joshi emphasizes the establishment of a task force to meet the ambitious target of achieving 500 GW of renewable energy capacity by 2030.

 

Minister Joshi specifically highlights Odisha's vast renewable energy potential, pointing out the state's capacity of 140 GW in solar energy, alongside promising prospects in green hydrogen.

 

The government's focus on renewable energy is evident through the planned joint efforts of the ministries of power and new and renewable energy to outline a comprehensive action plan to propel India towards meeting its renewable energy goals by 2030, reflecting a significant commitment to sustainability and clean energy initiatives.

 

 

My Take:

 

DEAR PM : 500 GW BY 2030 ? HERE IS THE ONLY "ACTION-PLAN" WHICH CAN DELIVER WHAT YOU PROMISED

 

Relevant content:

"A 'Mission 500GW' action plan will be drawn up soon by the government to take forward the announcement made by Prime Minister Modi at the COP26 climate conference... Issues such as transmission, technologies to be used, energy mix, storage requirements, and regulatory frameworks will be assessed by this panel."

 

Reflecting on this content in the context of the current article, it is clear that the government's decision to form a task force aligns with the proactive approach suggested in the blog.

 

By outlining detailed plans and addressing critical aspects like technology adoption, energy mix, and regulatory frameworks, the government is laying the groundwork for achieving the ambitious renewable energy targets.

 

This proactive strategy mirrors the urgency highlighted in the blog to have a robust action plan in place to deliver on the promises made regarding renewable energy milestones.

---

Shining Bright: Solar Capacity Crosses 50 GW Milestone

 

Relevant content:

"Achieving the 2030 target would require capacity addition of over 40 GW annually over the remaining eight years... The announcement of issuing sovereign green bonds and the importance of policy consistency for attracting overseas investors are emphasized."

 

Looking at the current scenario outlined in the article, the emphasis on capacity addition and the introduction of financial instruments like green bonds resonates with the insights shared in the blog.

 

The necessity to achieve significant annual capacity additions aligns with the scale of projects required to reach the 500 GW target by 2030.

 

Additionally, the call for policy consistency to attract foreign investments underscores the need for a stable and supportive regulatory environment, essential for driving growth in the renewable energy sector.

Call to Action:

 

To Union Minister Pralhad Joshi and the task force members: I urge you to prioritize collaborative efforts with industry experts, stakeholders, and state governments to ensure a well-coordinated approach towards achieving the 500 GW renewable energy capacity target by 2030.

 

 Emphasizing innovation, technology adoption, and sustainable practices will be key in driving India towards a greener and more energy-secure future.

 

 

With regards,

 

Hemen Parekh

 

www.My-Teacher.in

 

www.HemenParekh.ai  /  17 Nov 2024