India has achieved a significant milestone in its renewable energy capacity, reaching 188 Gigawatts, up from 81 Gigawatts a decade ago, President Droupadi Murmu said in her address to the joint session of the Lok Sabha and Rajya Sabha. The announcement comes ahead of the Union Budget 2024-25 presentation by Finance Minister Nirmala Sitharaman.<\/p>\n
President Murmu highlighted the rapid growth in the country’s renewable energy sector, noting that solar power capacity has increased 26-fold and wind power capacity has doubled in the last 10 years. India currently ranks fourth globally in renewable energy and wind power capacity and fifth in solar power capacity.<\/p>\n
The President stated India’s ambitious goal to achieve 50 percent of its electric power installed capacity from non-fossil fuels by 2030. Murmu cited the construction of 11 new solar parks and the ongoing development of 9 additional parks, underscoring the country’s commitment to expanding its solar energy infrastructure.<\/p>\n
In addition to solar energy, the President mentioned the recent launch of a solar rooftop installation scheme aimed at supporting 1 crore families. This initiative is expected to not only reduce electricity bills for households but also contribute surplus electricity to the power market.<\/p>\n
The address also covered advancements in other energy sectors, including the approval of 10 new nuclear power plants and the initiation of two hydrogen energy projects in Ladakh and Daman-Diu. In the field of ethanol, India has achieved a 12 percent blending rate and is rapidly approaching its 20 percent target.<\/p>\n
Union finance minister Nirmala Sitharaman is slated to present the financial year 2024-25 budget on February 1. This will be the final annual financial statement of the BJP-led PM Narendra Modi government’s second term.<\/p>\n
Last week, the traditional pre-budget \u2018halwa\u2019 ceremony was held, initiating a \u2018lock-in\u2019 period for officials involved in budget preparation to maintain confidentiality until the document’s tabling in the Lok Sabha.<\/p>\n","protected":false},"excerpt":{"rendered":"
India has achieved a significant milestone in its renewable energy capacity, reaching 188 Gigawatts, up from 81 Gigawatts a decade ago, President Droupadi Murmu said in her address to the joint session of the Lok Sabha and Rajya Sabha. The announcement comes ahead of the Union Budget 2024-25 presentation by Finance Minister Nirmala Sitharaman. President Murmu highlighted the rapid growth in the country’s renewable energy sector, noting that solar power capacity has increased 26-fold and wind power capacity has doubled in the last 10 years. India currently ranks fourth globally in renewable energy and wind power capacity and fifth in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-632338","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/632338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=632338"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/632338\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=632338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=632338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=632338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}