MNRE to Form Task Force in Consultation with Power Ministry to Meet 500 GW RE Target by 2030
Union Minister of New and Renewable Energy, Pralhad Joshi stressed the importance of concerted, collaborative efforts and proposed forming a task force in consultation with the Ministry of Power to unite stakeholders toward achieving India’s 500 GW renewable energy target by 2030 during his address at the Chintan Shivir in Bhubaneswar.
November 15, 2024. By Mrinmoy Dey
The Minister stressed the importance of concerted, collaborative efforts among all stakeholders to overcome challenges and expedite progress in the renewable energy sector.
The two-day event organised by the Ministry of New and Renewable Energy (MNRE) aims to provide a platform for key government leaders, industry experts, and stakeholders to come together to develop strategies for achieving India’s ambitious RE target of 500 GW by 2030.
During his address, Joshi emphasized that the target of 500 GW by 2030 is not merely a goal but a clarion call for action. He highlighted India’s progress, noting that the country has already achieved 212 GW from non-fossil fuel sources, placing it on track to exceed the 2030 target.
Joshi further outlined key issues raised by stakeholders, including challenges related to land acquisition, transmission infrastructure, power purchase agreements, energy storage, and other critical factors affecting the sector.
Joshi said, “Chintan Shivir should arrive at a comprehensive solution to all issues and create a roadmap ahead with its collective experience and wisdom to achieve the target of 500 GW by 2030.”
Addressing the ongoing efforts of the government, Joshi noted that India, under the leadership of Prime Minister Narendra Modi, has earned global trust for its stability and potential, positioning the country as a land of opportunity in the renewable energy sector. He highlighted government initiatives such as PM Suryaghar Muft Bijli Yoajana and PM-KUSUM, which not only contribute to the country’s renewable energy ambitions but also create employment opportunities.
Joshi also expressed optimism regarding the commitments made during the RE-Invest Summit, held in September 2024 in Gujarat, which collectively amount to over INR 32 lakh crore and 540 GW of renewable energy projects. He emphasised that these commitments could be translated into reality through concerted collaboration among industry players, government bodies, and financial institutions.
In his remarks, Union Minister of State for New and Renewable Energy and Power, Shripad Yesso Naik, underscored the pivotal role of the renewable energy sector in India’s journey towards energy independence by 2047. He assured that the Government of India would continue to support technological advancements and innovations in the clean energy sector.
Deputy Chief Minister of Odisha, Kanak Vardhan Singh Deo, highlighted the state’s substantial potential in solar, wind, battery storage, and pumped storage projects. He reaffirmed Odisha’s commitment to working in close collaboration with the Central Government to meet India’s renewable energy targets.
Power Secretary Pankaj Agrawal spoke about the various challenges facing the sector, particularly in transmission and energy storage. He urged the Chintan Shivir participants to focus on identifying practical solutions to address these issues.
Prashant Kumar Singh, Secretary, MNRE, reiterated the Ministry's commitment to understanding and addressing the challenges of the renewable energy sector. He also acknowledged that organising the Chintan Shivir was one of the first priorities given to him by Union Minister Joshi, along with the RE-Invest initiative, to ensure the development of policies that are simple, clear, and implementable.
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