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Government sets 500 GW target, renewables dominate investments

21Aug

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News Update, Renewables

Government sets 500 GW target, renewables dominate investments

By Newscript News Network August 21, 2025 India’s installed power capacity reached 476 GW as of June 2025, with thermal at 240 GW and renewables at 110.9 GW. The government aims to add 50 GW of non-fossil fuel capacity annually to reach 500 GW by 2030. The 4th Biennial Update Report to the UNFCCC confirmed a 7.93% reduction in greenhouse gas emissions, signalling progress toward India’s climate commitments. “India is now the world’s fourth-largest renewable energy market,” said a senior official at the Ministry of New and Renewable Energy (MNRE). Over $4 billion in FDI flowed into India’s clean energy sector in the past year.

Akshay Urja Day 2025 Highlights India’s Clean Energy Transformation

By Newscript News Network August 20,2025 India marked Akshay Urja Day 2025 on August 20 with a celebration of its renewable achievements and climate commitments. From a modest 2.82 GW of renewable capacity in 2014, the country has grown to 116.24 GW by August 2025, with solar contributing nearly 48%. The symbolic day has become an annual moment to showcase India’s progress towards its 500 GW non-fossil capacity goal by 2030. Government officials highlighted flagship programmes such as the National Solar Mission, ultra-mega renewable parks, offshore wind policy and the National Green Hydrogen Mission. “India’s clean energy journey is no longer aspirational—it is operational,” a senior official said. Globally, India now ranks among the top three in annual renewable capacity addit...

Centre Scraps Renewable Pricing Pools to Unlock Faster Power Deals

By Newscript News Network August 20, 2025 In a significant policy reversal, the Ministry of Power has scrapped the central renewable energy pricing pools established in February 2024. The pools, designed to aggregate tariffs for solar and hybrid projects, were intended to simplify procurement. Instead, developers complained they slowed contract closures. By dismantling the centralised mechanism, the government is giving developers and buyers more freedom to negotiate bilateral power purchase agreements (PPAs). “This will allow deals to be structured faster and on more competitive terms,” said an official from the Solar Developers Association. For developers, the policy shift reduces administrative bottlenecks that often delayed projects by months. Analysts believe the move coul...