Synopsis
Union Power Minister Manohar Lal emphasized the need for innovation and modernization in the energy sector to attain India's goal of 500 GW renewable energy capacity by 2030. Collaborative efforts between industry and government are vital for achieving this ambitious target, alongside advancements in infrastructure and electric vehicle charging systems.Key Takeaways
- Focus on innovation and modernisation in the power sector.
- Achieving 500 GW of renewable energy capacity by 2030 is feasible.
- Significant growth in solar capacity has been observed.
- Emphasis on improving power transmission networks.
- Development of EV charging infrastructure is crucial.
New Delhi, Feb 22 (NationPress) Union Power Minister Manohar Lal on Saturday urged industry stakeholders to focus on innovation and modernisation to help India achieve its ambitious renewable energy (RE) target.
Speaking at the ‘Elecrama 2025’ event organised by the industry body Indian Electrical and Electronics Manufacturers' Association (IEEMA) in Greater Noida, the minister emphasised the importance of the power sector in driving the country's economic growth.
"The future of power in India is good. In this journey, we need to increase production in an innovative way,” Lal told the gathering.
He added that advanced power electronics, efficient transformers, power converters, and smart grid solutions must be developed to harness the benefits of green energy.
The minister called for collaborative efforts between the industry and the government to transform the sector into a key driver for India's development.
“India is working towards achieving 500 GW of renewable energy capacity by 2030. This goal is attainable if both industry and the government collaborate effectively,” the minister stated.
Since 2014, India has significantly boosted its renewable energy capacity, increasing it 2.81 times to 200 GW.
“Solar capacity alone has surged 38 times, exceeding the 100 GW milestone. This progress is not merely statistical but a clear signal that India is advancing rapidly in the energy sector,” Lal remarked.
He also underscored the need to enhance the country's power transmission and distribution network, urging industry players to concentrate on developing high-efficiency equipment such as Gas Insulated Switchgear (GIS) substations to modernise the grid.
“Advanced infrastructure would contribute to making the power sector more reliable and sustainable,” the Union Minister noted.
Another critical area of focus, Lal pointed out, should be electric vehicle (EV) charging infrastructure.
"e-mobility is a significant opportunity, and the country requires more battery-swapping stations, fast chargers, and vehicle-to-grid systems to lower emissions and support clean transportation,” the Union Minister continued.
The government is committed to providing full support to investors, who should leverage various schemes and initiatives aimed at enhancing the sector.
