Gandhinagar: Union Minister for New and Renewal Energy Pralhad Joshi chaired a CEOs' Roundtable on the second of the flagship renewable energy event, RE-Invest 2024. During the round table, the minister emphasised that the government is serious about achieving the target of 500 GW of non-fossil fuel-based installed capacity by 2030. "500 GW is not just a number. And we are serious about it, therefore, CEOs must share what is the facilitation required from the government," said Joshi.
During the round table, CEOs provided inputs for ramping up the manufacturing, creating demand with effective enforcement of RPO, embedding circularity principles, and enhancing climate resilience of the projects.
The minister informed that the installed Solar PV Module manufacturing capacity in India in 2014 was around 2.3 GW and installed Solar PV Cell manufacturing capacity in India in 2014 was around 1.2 GW. The installed Solar PV Module manufacturing capacity in India as of now is around 67 GW (as per capacity enlisted in ALMM and additional applications received for enlistment in ALMM) and the installed Solar PV Cell manufacturing capacity as of now is around 8 GW.
Thanking Prime Minister Modi for the inauguration of RE-Invest 2024, Joshi said, "I am thankful to the Prime Minister for inaugurating the 4th REINVEST Summit at Gujarat, from where he ignited the energy revolution. Now, the PM is not only leading our country towards the 500 GW target but is a beacon of hope for the globe."
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