Can India become a green energy powerhouse?

In the race to combat climate change, India is emerging as a dark horse contender to become a global green energy powerhouse. With ambitious targets, innovative technologies, and a diverse energy portfolio, the world’s most populous country is positioning itself at the forefront of the renewable energy revolution.

Does India need a green energy system?

The country wants to make sure its energy system is not only green but also insulated from international pressure or shocks, and right now, just one state— China, including Hong Kong—accounts for 92 percent of India’s renewable energy equipment, lithium ion, and rare earth elements.

Which energy sources are leading India's Green Energy portfolio?

While biofuels represent a significant portion of India’s green energy portfolio, solar and wind power are leading the charge in terms of installed capacity.

How much will India spend on green energy in 2070?

By some estimates, the Indian economy must spend roughly $10 trillion (in 2020 prices) on green energy infrastructure between now and 2070, or $214 billion each year, to meet its target. That figure is a far cry from the $13 billion to $14 billion that the economy is spending on renewable energy each year right now.

Is India a good place to make green energy?

India produces almost none of it at the moment, although it does consume some 7m tonnes a year of ordinary hydrogen, made using fossil fuels. Investors think it will be a good place to make the green sort, since the process requires a lot of clean power, which India’s solar industry can provide cheaply.

Is India ready for green hydrogen production?

Perhaps the most exciting development in India’s green energy landscape is its foray into green hydrogen production. The National Green Hydrogen Mission aims to pro duce at least 5 million metric tons of green hydrogen annually by 2030, with the potential to double that figure.