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 at Glasgow last month.
ET gathers that a joint committee of the ministry of power and ministry of new and renewable energy will soon be set up to draw a detailed action plan to take up India’s renewable energy (RE) capacity to 500GW by 2030.
Officials said that issues of transmission, the various types of technology to be used, the energy mix for the 500GW target and storage requirements will also be assessed by this panel. It will also look into the regulatory framework required for the scale-up of RE and to draw in the crucial foreign investment into the sector.
