India’s target to achieve 450 GW of RE by 2030, RK Singh said at International Solar Alliance Assembly – EQ
In Short : India’s Power Minister R.K. Singh reaffirmed the nation’s target to achieve 450 GW of renewable energy capacity by 2030 at the International Solar Alliance Assembly. With 154 GW already installed and 67 GW under construction, India is set to surpass its non-fossil fuel targets. Singh emphasized solar energy’s role in decarbonization and promoting global energy access.
In Detail : New Delhi – Shri RK Singh, Union Minister for Power and New and Renewable Energy and President of the International Solar Alliance welcomed all members, signatory countries, prospective members, partner organizations and special invitees to the 4th Congress of the International Solar Alliance. He requested all delegates to observe a minute of silence for the victims of the COVID-19 pandemic.
In his opening address at the inaugural session of the ISA General Assembly, where 106 countries are participating in the discussions, Shri Singh said that the adoption of renewable energy has gained momentum since the last few decades. Solar energy in particular is now the most viable option for achieving universal access to sustainable energy because it is affordable and accessible for off-grid solutions. It is the most viable option for us to rapidly decarbonize our power sector. India has made rapid progress in the solar sector in recent years and the rapid increase in capacity is a testament to India’s commitment to clean and affordable solar energy. India is aiming to achieve 450 GW of electricity generation by 2030. We have 154 GW of non-fossil fuel installed capacity and another 67 GW under construction. India’s non-fossil fuel-based capacity is on track to exceed the 40% target under India’s NDC, he said.
He emphasized that solving the problem of access to energy is very important. ISA can enable energy access for 800 million people who lack access to energy, around the world.
He noted that the International Solar Alliance was established to bring the global community together, pool our efforts, leverage our complementarities to overcome such barriers. He said that the ISA can play a leading role in providing access to energy for all.
Shri Singh urged the world to work together and enable ISA to make energy access accessible to all using solar and renewable energy.
The President, Shri Singh, invited the Co-President to deliver his opening remarks. Subsequently, the President, Shri Singh, invited HE John Kerry, Special Presidential Envoy for Climate Change, United States, to deliver his special address at the ISA Assembly.
Secretary Kerry welcomed the International Solar Alliance and the leadership of India, France and the ISA Assembly member states in their partnership to advance the global clean energy transition: “It is truly wonderful to see India leading the ISA. India is a close partner and the United States strongly supports India’s goal of achieving 450 GW of renewable energy by 2030. We believe it is entirely feasible and will be achieved. India has already set an example for emerging economies by achieving 100 GW of renewable energy. What India has demonstrated with its low-cost solar auctions and grid-connected construction and large-scale solar component programs and other innovative policy tools can be replicated around the world. He added that the ISA is critical to reducing greenhouse gas emissions and has the opportunity to accelerate the growth of solar with member states blessed with the strongest sunlight in the world.
Speaking about India-US ties, US Secretary of State Kerry called India a “red-hot investment destination for solar energy,” Kerry said that leading countries deploying solar energy from India to the US see the need for energy storage to balance out intermittent renewable energy. energy. Unlocking the full value of solar energy will require countries to invest in storage, in grid infrastructure and in flexibility in both demand and supply. And to connect solar energy to parts of the economy that currently do not use electricity, countries will need to invest in electric vehicles and clean fuels such as hydrogen that can be produced using solar energy.
The European Commission Commissioner for the European Green Deal, Mr. Frans Timmermans, participated in the opening session of the ISA Assembly and confirmed the European Union’s support for the initiative. He also announced an upcoming project, worth around €1 million, funded by the EU, which aims to further strengthen the engagement of the EU, EU Member States and the EU academic, business and financial communities in the International Solar Alliance.
