{"id":14949,"date":"2024-09-16T07:38:06","date_gmt":"2024-09-16T07:38:06","guid":{"rendered":"https:\/\/khabarok.com\/business\/14949\/"},"modified":"2024-09-16T07:38:06","modified_gmt":"2024-09-16T07:38:06","slug":"developers-commit-to-establish-340-gw-solar-modules-240-gw-cells-by-2030","status":"publish","type":"post","link":"https:\/\/khabarok.com\/?p=14949","title":{"rendered":"Developers commit to establish 340 GW solar modules &#038; 240 GW cells by 2030"},"content":{"rendered":"<p><\/p>\n<div id=\"content-body-68647572\" itemprop=\"articleBody\">\n<p>Minister of New &amp; Renewable Energy Pralhad Joshi on Monday said that companies have committed to install 340 gigawatts (GW) of solar module capacity and 240 GW in solar cells by 2030.<\/p>\n<p>In his address at the RE-INVEST 2024, which is organised by the Ministry of New &amp; Renewable Energy (MNRE)\u00a0in partnership with CII, Joshi said that financial institutions have committed around $386 billion by the end of the current decade.<\/p>\n<p>Joshi noted that the centre has received overwhelming commitments from States and UTs as well as from developers, manufacturers and financial institutes to support India\u2019s goal of 500 GW by 2030.<\/p>\n<ul class=\"article-bullet-list\">\n<li>\nAlso read: PM Modi invites global companies to invest in India\u2019s green transition<\/li>\n<\/ul>\n<p>\u201cDevelopers have committed additional 570 GW, and manufacturers have committed additional manufacturing capacities of 340 GW in solar modules, 240 GW in solar cells, 22 GW in wind turbines, 10 GW in electrolysers. Banks and financial institutions have committed to additional $386 billion (\u20b932.45 lakh crore) of financing by 2030..<\/p>\n<p>\u201cUnder Prime Minister Narendra Modi, India has made significant strides in expanding its renewable energy sector. I am proud to recount that there has been a 76 per cent decrease in tariff for Grid -connected solar power plants,\u201d he said.<\/p>\n<p>India\u2019s installed renewable energy capacity has increased from 75.52 GW in March 2014 to more than 207.7 GW now. That is a phenomenal 175 per cent increase in 10 years, Joshi added. During this period, the total RE generation in India has increased by 86 per cent, from 193.50 billion units (BU) to 360 BU.\u00a0<\/p>\n<p>The fourth edition of the Global Renewable Energy Investors Meet &amp; Expo(RE-INVEST) 2024 is being held from September 16 to 18 at Mahatma Mandir Convention &amp; Exhibition Centre in Gandhinagar.\u00a0<\/p>\n<p>RE-Invest is recognised globally as a leading platform for bringing together key stakeholders in the renewable energy sector, including government officials, industry leaders, investors, researchers, and policymakers.\u00a0This is first RE-INVEST which is being held in Gujarat.\u00a0<\/p>\n<p>India presently has over 200 GW renewable energy capacity.\u00a0According to government estimates India needs \u20b930 lakh crore investment for having 500 GW renewable energy capacity by 2030.<\/p>\n<ul class=\"article-bullet-list\">\n<li>\nAlso read: Rising freight costs, container shortages threaten exports; need urgent steps: GTRI<\/li>\n<\/ul>\n<div class=\"share-article-section second-article-share share-article-section-mobile\">\n<div class=\"share-page\" data-title=\"Developers commit to establish 340 GW solar modules &amp; 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Renewable Energy Pralhad Joshi on Monday said that companies have committed to install 340 gigawatts (GW) of solar module capacity and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[5],"tags":[43417,2000,725,571,43416],"class_list":["post-14949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-240-gw-cells","tag-companies","tag-economy","tag-renewable-energy","tag-solar-modules"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.2 - aioseo.com -->\n\t<meta name=\"description\" content=\"Minister of New &amp; Renewable Energy Pralhad Joshi on Monday said that companies have committed to install 340 gigawatts (GW) of solar module capacity and 240 GW in solar cells by 2030. 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