India can Captivate Above USD 20 Billion Outlay in Renewables in 2023
Industrialists at the REConIndia 2023 renewable energy conference have underlined India’s prospects to attract an outlay of above USD 20 billion in renewables this year, emphasizing the need for a vigorous structure for sustainable power.
February 20, 2023. By EI News Network
The seminar organized by Blue Circle, invited experts, stakeholders, investors, and industry leaders to discuss the major issues, challenges, alternatives, opportunities in renewable energy in India.
A white paper will be generated on solar power challenges, the path to making green hydrogen feasible, fuelling wind energy, and the condition of green financing in India.
The event will undertake to brighten Renewable Energy picturesque with the transformation post-Covid, the adherence from the conventional energy industry, and supply chain obstruction. It will also underline the status of green finance and the aid required from governments and applicable stakeholders both nation-wise and worldwide for renewable energy persistent growth.
India has made enormous development in renewable energy acquisition recently, specifically in the solar energy sector.
As per the latest report, India’s solar energy potential has developed from 6.76 GW in 2016 to an impressive 54 GW in 2022, with a compound annual growth rate (CAGR) of 41.39%. This substantial growth shows India’s commitment to clean energy and its perspective as a chief in the global combat against climate change.
The worth of solar panels and other solar power technology has reduced markedly over the past few years, making it a feasible option for individuals as well as a business entity. This has also boosted investment in the sector and driven growth in the solar industry.
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