Source: Observer.com
# India claims that it will expand investment in renewable energy# [India has received a $ 386 billion investment commitment for expanding renewable energy] On September 16th, India’s Minister of Renewable Energy Prarad JoshiAt the renewable energy investment conference, India has received a commitment to invest 386 billion U.S. dollars in the investment of banks and financial institutions to expand the country’s renewable energy capabilities to achieve the goal of producing 500GW renewable energy by 2030.
Prarad Jocoh said that in the past ten years, India’s capacity installed capacity has increased from 75.52GW to 207.7GW, an increase of 175%; in the same period, India’s total renewable energy power generation increased by 86%.Simla Stock
According to the latest data from India’s New Energy and Renewable Energy (MNRE), from January to July this year, India added 16.4GW renewable energy, which is the highest level since 2015.New Delhi Stock Exchange
However, to achieve the goal of 500GW renewable energy at the end of this decade, or to produce an average of about 50gW of renewable energy in the next year in the next year.
Indian Prime Minister Modi previously promised that by 2030, renewable energy can meet India’s energy demand at least half of the energy demand, and the amount of carbon dioxide emissions will be reduced by 1 billion tons; and net zero emissions will be achieved by 2070.
With the frequent heat waves in India in the past few years, the demand for electricity has been promoting the increase in thermal coal consumption, and Indian coal demand prospects are still strong.The International Energy Agency (IEA) predicts that by 2026, India’s coal demand will increase at 3.5%per year to 1.397 billion tons.
On the same day, Indian Prime Minister Narendra Modi said that India was the "best choice" of the 21st century and invited global companies to invest in India’s "green transformation".Modi also said that he hoped that India would become the leader of green hydrogen production, and by 2025, it would mix 20%of ethanol in gasoline by 2025.
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