Get ready for a green energy boom as renewable investments skyrocket by 83%, reaching an impressive $16.5 billion in 2024. This surge aligns with India’s commitment to a sustainable future, targeting 500 GW of renewable energy by 2030 and a net-zero emission goal by 2070. Spearheaded by Union Power Minister R K Singh, the focus extends beyond wind and solar to embrace green hydrogen, with major players like Reliance, Adani, and L&T actively participating. The National Green Hydrogen Mission, supported by Rs 19,744 crore, is set to make India a global hub for green energy. With 21 companies bidding for incentives in electrolyser manufacturing and 14 eyeing green hydrogen production facilities, the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme, backed by Rs 17,490 crore, promises to catalyze this sustainable revolution. Brace yourself for a transformative era of eco-friendly investments and cleaner, greener energy solutions.
