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India's transition to renewable energy is vital for achieving Sustainable Development Goal 7, with an installed capacity of approximately 125 GW as of 2024. Key initiatives and policies have propelled India to become the fourth-largest renewable energy market globally, targeting 500 GW by 2030. Despite challenges, the renewable sector has created over 1 million jobs and significantly reduced emissions, showcasing India's commitment to sustainability and energy security.

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Prasanna Bhatkar
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35 views1 page

Abstract 235119132 1

India's transition to renewable energy is vital for achieving Sustainable Development Goal 7, with an installed capacity of approximately 125 GW as of 2024. Key initiatives and policies have propelled India to become the fourth-largest renewable energy market globally, targeting 500 GW by 2030. Despite challenges, the renewable sector has created over 1 million jobs and significantly reduced emissions, showcasing India's commitment to sustainability and energy security.

Uploaded by

Prasanna Bhatkar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Affordable and Clean Energy (SDG 7): India's Transition to Renewable Energy

<Prasanna Bhatkar>
<
Student of Bishop Heber College>
<
PG Department of Actuarial Science, Trichy.>

<235119132>

ABSTRACT

India’s transition to renewable energy is a cornerstone effort in achieving Sustainable Development Goal 7
(SDG 7), which ensures access to affordable, reliable, sustainable, and modern energy for all. As the
third-largest energy consumer globally, India’s leadership in renewable energy has reshaped the global energy
landscape. In 2024, India’s installed renewable energy capacity reached approximately 125 GW, including 70
GW from solar energy and 45 GW from wind energy, positioning it as the fourth-largest renewable energy
market worldwide. Key milestones, such as achieving 40% of installed capacity from non-fossil fuels by 2022,
highlight India’s commitment to sustainability. Landmark initiatives like the National Solar Mission—aiming
for 280 GW of solar capacity by 2030—and leadership in the International Solar Alliance (ISA) have further
solidified its global leadership. India’s renewable energy revolution is spearheaded by policymakers including
the Ministry of New and Renewable Energy (MNRE) and figures like Prime Minister Narendra Modi. Policies
such as Renewable Energy Certificates (RECs), Production-Linked Incentive (PLI) schemes for solar PV
manufacturing, and the Green Energy Open Access Policy have accelerated growth. Large-scale projects like the
Bhadla Solar Park in Rajasthan and the Pavagada Solar Park in Karnataka showcase India’s capacity for
innovation. Challenges persist, including the intermittency of renewable sources, grid integration, financial
constraints, and policy hurdles like land acquisition. Nevertheless, renewable energy sectors have generated over
1 million jobs by 2023 and significantly enhanced rural electrification. Environmental benefits include a 40%
reduction in emissions intensity of GDP since 2005, aligning with India’s Nationally Determined Contributions
(NDCs). Looking ahead, India targets 500 GW of renewable energy capacity by 2030, focusing on expanded
solar and wind projects, advancements in energy storage, green hydrogen technology, and robust policy
frameworks such as stricter carbon taxation.
India’s commitment to renewable energy addresses domestic needs while setting a global benchmark for
sustainability. Collaborative efforts among the government, private sector, and citizens are crucial for achieving
a sustainable, energy-secure future.
KEYWORDS:

1.​ Renewable Energy


2.​ SDG 7
3.​ India
4.​ Solar and Wind Power
5.​ Sustainable Development.

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