FM Nirmala Sitharaman proposed viability gap funding for the wind energy sector in the Interim Budget 2024-25. The idea here is to increase the offshore wind energy potential to 1 GW for every project.
In a step to improve the rural wind energy sector of the country the FM has set this goal to be achieved in the next few years.
The FM also stated the promotion of solar energy usage. President Droupadi Murmu also declared on Wednesday that the government is prioritizing green energy, revealing that renewable energy capacity in India has more than doubled, reaching 188 gigawatts (GW), with solar capacity witnessing a remarkable 26-fold increase.
These strides align with India’s ambitious energy transition plan, aiming for net-zero emissions by 2070 and a target of 500 GW of renewable energy by 2030. India aspires to achieve 50% non-fossil fuel-based power generation capacity by 2030.
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