APT Translations

India’s renewable energy push has been accelerating over the years, and it recently crossed the 70,000 MW mark in installed solar power capacity. Several measures incentivizing market players as well as a flurry of regulations have provided a much-needed shot in the arm to this burgeoning sector.

While environmental concerns undoubtedly play a significant role, the motivation to transition to renewable energy extends well beyond the desire to reduce carbon footprints.

What seemed tenebrous, tepid and dangling on Tuesday last week, seemed to have transitioned into a long overdue kick off.

Sukhu added the government is giving 50 per cent subsidy on e-vehicles and the youth keen to purchase e-taxis are also being given 50 per cent subsidy, and 582 youth have so far applied for e-taxis.

Singh highlighted that under the current FDI policy, renewable energy sector investments are permitted up to 100% through the automatic route.

The New and Renewable Energy Sources Minister has directed the department officials to ensure the solarisation of agri-pump sets and their allotment for sprinkle and drip irrigation in dark zones to save water.

The progress made on the implementation of the MoUs will be reviewed every week by the chief secretary and every month by himself, the Chief Minister said.

The rules outline specific lease durations, obligations for lessees, and regulatory oversight, reflecting India's commitment to boosting its wind energy capacity as part of its renewable energy targets.

Amit Kumar Mittal has 36 years of experience in renewable energy operations, including Solar, Wind, Hybrids, BESS, Green Hydrogen, Thermal, and Nuclear power plant engineering. His previous roles include positions at Radiance Renewables, First Solar, Reliance Power, and Nuclear Power Corporation.

He has previously worked with Radiance Renewables, First Solar, Reliance Power, and Nuclear Power Corporation