Clean energy transition promises growth, greener future, Pg10

Key Highlights:

• India's renewable energy (RE) capacity has surpassed 200 GW, now constituting nearly 45% of the total installed electricity capacity.
• The country has emerged as a global leader in clean energy, driven by solar and wind power expansion over the past 12 years.
• Schemes like PM Surya Ghar: Muft Bijli Yojana and PM Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PMKUSUM) are boosting solar adoption in rural and urban areas.
• India is developing a robust manufacturing ecosystem for clean energy components under Atmanirbhar Bharat and Make in India initiatives.
• The National Green Hydrogen Mission aims to establish India as a global hub for green hydrogen production and utilization.

Detailed Insights:

• India's energy transformation prioritizes economic growth alongside environmental responsibility.
• Policy reforms, transparent auctions, and investor-friendly regulations have fostered confidence among investors.
• Thermal and nuclear power continue to be crucial for meeting the country's growing baseload electricity demand.
• Production Linked Incentive (PLI) schemes are accelerating domestic manufacturing of solar modules, batteries, and wind turbines.
• This industrial expansion has created significant employment opportunities for engineers, technicians, and skilled workers.
• India's leadership in the International Solar Alliance demonstrates its commitment to global climate action and scalable solutions.
• Clean energy provides social benefits, including reliable electricity for education, healthcare, and rural enterprises.

Key Concepts Involved:

• Renewable Energy (RE): Energy derived from naturally replenishing sources like solar, wind, hydro, and biomass.
• Baseload Electricity Demand: The minimum amount of electric power required by a grid over a given period.
• Green Hydrogen: Hydrogen produced by splitting water using renewable electricity, resulting in zero carbon emissions.
• International Solar Alliance (ISA): An intergovernmental organization promoting solar energy, co-founded by India.