logo
#

Latest news with #NationalSolarMission

India Meets 50% Clean Power Goal 5 Years Early, Boosts Green Transformation
India Meets 50% Clean Power Goal 5 Years Early, Boosts Green Transformation

News18

time15-07-2025

  • Business
  • News18

India Meets 50% Clean Power Goal 5 Years Early, Boosts Green Transformation

Last Updated: India hits 50% non-fossil power capacity in 2025, five years ahead of target; Pralhad Joshi credits PM Modi's leadership. India has crossed a key green energy milestone by achieving 50 percent installed power capacity from non-fossil fuel sources and that too five years ahead of its 2030 target. The development signals a major step forward in the country's push towards sustainable growth and energy security. Union Minister for New and Renewable Energy Pralhad Joshi announced the achievement on Tuesday, crediting Prime Minister Narendra Modi's leadership for India's accelerating green transformation. 'In a world seeking climate solutions, India is showing the way," Joshi posted on X, calling the early target achievement a proud moment for every Indian. According to Joshi, India's total installed power capacity now stands at 484.8 GW, with 242.8 GW — or 50 percent — coming from non-fossil fuel sources. The original goal, set under India's Nationally Determined Contributions (NDCs), was to reach this mark by 2030. In a world seeking climate solutions, India is showing the 50% non-fossil fuel capacity five years ahead of the 2030 target is a proud moment for every Indian. Hon'ble PM Shri @narendramodi ji's leadership continues to drive Bharat's green transformation — paving… — Pralhad Joshi (@JoshiPralhad) July 14, 2025 With the target met in 2025, Joshi said India is on course to strengthen its position as a global leader in climate action and clean energy transition. India's next big goals include reaching 500 GW of non-fossil capacity by 2030 and making clean energy a backbone of economic growth. The 50 percent target was originally part of India's Nationally Determined Contributions (NDCs) under the Paris Agreement, which also commit to reducing emissions intensity by 45 percent by 2030 and achieving net-zero by 2070. Achieving this target in 2025 strengthens India's position as a key voice in global climate discussions which is a role it has been pushing for as part of its leadership in the Global South. Government initiatives like the National Solar Mission, green hydrogen projects and incentives for solar manufacturing have drawn significant investment and while international partnerships such as the International Solar Alliance (ISA) have bolstered India's global standing. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

DCNT commissions 3 GWh BESS in Pune
DCNT commissions 3 GWh BESS in Pune

Time of India

time08-07-2025

  • Business
  • Time of India

DCNT commissions 3 GWh BESS in Pune

DCNT Global , a provider of innovative energy and data centre solutions, on Tuesday announced the commissioning of its state-of-the-art Battery Energy Storage System (BESS) plant in Khed City, Chakan, Pune. This fully automated facility, having a robust three-gigawatt-hour (GWh) capacity, is set to commence production in the third quarter of 2025. Umesh Sahay, Managing Director of DCNT Global, said, "This plant embodies our dedication to supporting India's renewable energy ambitions and delivering innovative, sustainable solutions . With its 3 GWh capacity and fully automated operations, we are proud to contribute to a greener, more resilient future, aligning with the nation's vision for clean energy and sustainable development." The plant is designed to leverage advanced automation technologies to deliver high-efficiency and sustainable energy storage solutions . It is a crucial development in aligning with India's ambitious renewable energy targets, particularly the national goal of achieving 500 GW of non-fossil fuel energy capacity by 2030. The 3 GWh plant is poised to address the escalating demands of various sectors, including industries, utilities, and communities globally. Furthermore, its operations will contribute directly to India's National Solar Mission and Green Energy Corridor initiatives, playing a vital role in integrating renewable energy into the national grid.

DCNT Global commissions 3 GWh BESS plant in Pune
DCNT Global commissions 3 GWh BESS plant in Pune

Time of India

time08-07-2025

  • Business
  • Time of India

DCNT Global commissions 3 GWh BESS plant in Pune

DCNT Global has commissioned a 3GWh battery energy storage system (BESS) plant in Khed City, Chakan, Pune. The fully automated facility is set to begin production in Q3 2025. This initiative supports India's renewable energy targets and aims to meet the increasing demands of various sectors while contributing to national green energy initiatives. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Innovative energy and data centre solutions provider DCNT Global on Tuesday said it has commissioned its battery energy storage system (BESS) plant in Khed City, Chakan, Pune With a robust three-gigawatt-hour (GWh) capacity, this fully automated facility is set to commence production in the third quarter of 2025, marking a transformative milestone in India's pursuit of a sustainable energy future, a company statement to the statement, strategically located in the thriving industrial hub of Khed City, Chakan, the plant leverages advanced automation technologies to deliver high-efficiency, sustainable energy storage facility aligns with India's ambitious renewable energy targets, supporting the nation's goal of achieving 500 GW of non-fossil fuel energy capacity by 2030, the company 3GWh plant is designed to meet the growing demands of industries, utilities, and communities worldwide while contributing to India's National Solar Mission and Green Energy Corridor Global Managing Director Umesh Sahay said in the statement, "This plant embodies our commitment to supporting India's renewable energy ambitions and delivering innovative, sustainable solutions. With its 3GWh capacity and fully automated operations, we are proud to contribute to a greener, more resilient future, aligning with the nation's vision for clean energy and sustainable development."DCNT Global specialises in modular data centres , containerised data centres, data centre design, and engineering, procurement, and construction.

India's solar power marks a 3450% leap changing energy future
India's solar power marks a 3450% leap changing energy future

Times of Oman

time08-07-2025

  • Business
  • Times of Oman

India's solar power marks a 3450% leap changing energy future

New Delhi: India's solar power sector has gone through a massive transformation in just a decade. In 2014, the country had only 2.82 gigawatts (GW) of installed solar capacity. By 2025, that number is expected to reach 100 GW — a stunning 3450% increase. This remarkable growth has turned India into one of the world's leading solar energy hubs and a key player in the global clean energy movement. This success didn't happen by chance. In 2014, India launched the National Solar Mission with a clear goal: shift the country toward clean, renewable energy. Over the years, governments raised their targets again and again, showing strong commitment to sustainability and reducing carbon emissions. The rapid progress has been made possible by close cooperation between government bodies, private companies, financial institutions, and global partners. It's a clear example of how smart policies and market opportunities can work together to build a strong and sustainable energy future. A big part of India's solar growth comes from large-scale solar parks built in states like Rajasthan, Gujarat, Karnataka, and Andhra Pradesh. These parks have turned dry, unused land into powerful sources of clean energy. For example, the Pavagada Solar Park in Karnataka — one of the largest in the world — generates over 2 GW of electricity. These parks also create jobs, attract foreign investment, and help local communities grow economically. To support all this, India has also worked hard to expand its power grid and storage systems, ensuring that solar power remains reliable and available across the country. It's not just big projects that are making a difference. Rooftop solar systems have become common in both cities and villages, helping homes, schools, hospitals, and small businesses get affordable electricity. In areas with poor grid access, solar-powered microgrids are now providing light, running water pumps, and powering basic services — changing lives in remote communities. Businesses are also using solar to cut costs and meet environmental goals. From factories and tech parks to malls and airports, solar panels are becoming a standard part of modern infrastructure. The solar boom has been great for the economy. Billions of dollars in investments have flowed into India's solar sector from both local and international players. This has created a dynamic market for developers, manufacturers, and financial backers. At the same time, the solar industry has created hundreds of thousands of jobs — from engineers and technicians to workers in manufacturing and installation. The government's push to grow local production of solar panels and parts is also helping reduce dependence on imports and encouraging innovation. India's solar progress is also making an impact globally. As a founding member of the International Solar Alliance (ISA), India is helping over 100 countries — especially developing ones — work together on solar solutions. Through this platform, India is sharing technology, knowledge, and financial support to help other nations move toward clean energy. Its own experience has become a model of how bold goals and collaboration can create rapid change. By 2025, India will hit 100 GW of solar capacity — but it doesn't stop there. The country aims to reach 500 GW of non-fossil fuel energy by 2030, in line with the Paris Agreement and its climate goals. Solar energy will continue to play a leading role, supported by new technologies like energy storage, green hydrogen, and modern power grids. With falling costs and rising innovation, solar is set to become the backbone of India's energy system. India's solar journey is an inspiring story of what's possible when ambition, innovation, and teamwork come together. From less than 3 GW in 2014 to 100 GW by 2025, the growth has been extraordinary. This transformation is not just about energy — it's about improving lives, protecting the planet, and showing the world that a cleaner, more sustainable future is within reach.

‘AI, green finance to redefine banking sector'
‘AI, green finance to redefine banking sector'

The Hindu

time04-07-2025

  • Business
  • The Hindu

‘AI, green finance to redefine banking sector'

Artificial Intelligence (AI) and green finance would be pivotal in redefining India's banking sector said Anand Sinha, Former Deputy Governor, Reserve Bank of India (RBI) in his keynote address at the 15th Annual Banking & Finance Conference organised by IMC Chamber of Commerce and Industry in Mumbai on Friday. He said AI would strengthen digital infrastructure, enhance rural financial inclusion and bolster operational efficiencies across the banking ecosystem. Calling attention to the climate crisis, he highlighted that unchecked climate risks could potentially cost India 3%–10% of its GDP annually by 2100. 'Initiatives such as the Green Hydrogen Mission, National Solar Mission, and issuance of Sovereign Green Bonds are commendable steps,' he added, noting the RBI's proactive regulatory efforts, including the promotion of green loans, climate risk disclosures, and green deposits would help. Sanjaya Mariwala, President, IMC, said to harness India's rapid strides in digital finance, it was important to address the systemic challenges that persists.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store