APT Translations

The company also plans to arrange soft loans from foreign companies and banks for this purpose, the CMD explained.

USIBC also urged the Indian government to promote the sustainable growth of the energy sector by upholding free-market principles, which will attract investments and enhance energy security.

The country's lithium ion battery storage industry - which can store electricity generated by wind turbines or solar panels for when the sun isn't shining or the wind isn't blowing - makes up just 0.1% of global battery storage systems.

The scheme seeks to install solar rooftops on 1 crore households

The government last month approved a ₹7,453 crore (~USD 900 million) offshore wind funding scheme, a welcome move to kickstart the industry —but a considerably larger financial support will be required to ensure the sector’s sustainable growth and promote manufacturing of offshore wind turbines.

Round-the-clock clean energy availability, resilient power & utilities, accelerated energy efficiency measures should be the focus areas for a sustainable energy ecosystem.

The green hydrogen holds the key to decarbonising sectors like transportation, steel manufacturing, and even heavy industry, Joshi said adding the clean energy can power vehicles, fuel factories, and illuminate homes, all without leaving a harmful carbon footprint.

India has embarked on an ambitious journey. It has set a target to achieve 50 per cent of its installed electricity capacity from non-fossil fuel-based energy sources by 2030 and net zero emissions by 2070, he said.

The minister pointed out that under the SIGHT (Strategic Interventions for Green Hydrogen Transition) programme, tenders for 4.12 lakh tonne per annum have been awarded to 10 companies.

The nearly two-year cyberattack known as Sunburst targeted Austin, Texas-based SolarWinds by using its flagship Orion software platform to infiltrate US government networks.