India’s Current Achievements in Renewable Energy
India has made significant strides in renewable energy, with substantial growth in solar, wind, and hydroelectric power. These achievements contribute to energy security, environmental sustainability, and economic development, positioning India as a global leader in clean energy.
India’s Achievement
- As of May 2024, Renewable energy sources, including large hydropower, have a combined installed capacity of 195.01 GW.
Challenges
- Grid Capacity: Inadequate grid infrastructure to handle intermittent renewable energy sources.
- Transmission and Distribution: High transmission and distribution losses.
- High Initial Costs: Significant capital investment required for renewable energy projects.
- Financing Issues: Difficulty in securing long-term financing at favourable terms.
- Inconsistent Policies: Variation in policies across ....
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