India to shift solar manufacturing subsidy from sales-linked PLI to upfront capex support for key components: MNRE secy

As renewable energy capacity expansion gains momentum, what is the next key objective of India’s energy transition journey and the Ministry of New and Renewable Energy (MNRE)?

Continuing the momentum we’ve already had will be the next big thing for us. This year, we installed approximately 48 to 50 gigawatts of renewable energy; This is one of the highest figures in the last few years. So, it will be one of our goals to sustain that and even improve that further because if you look at Niti Aayog’s recent net zero projection for 2070, they suggest that we need to have around 6,000 GW of variable RE from wind and solar to get to net zero by then. [emissions].