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India has a target of installing about 300 GW of solar power capacity by 2030.

Prime Minister Narendra Modi will virtually address the renewable energy players on Friday to discuss the initiatives of the government in the energy and resources sector including Budget 2022 announcements and to elicit ideas for their implementation.

A sectoral group on resources comprising the ministries of power; petroleum and natural gas; new and renewable energy; coal; mines; external affairs; and environment forest and climate change is organising a Webinar on “Energy for Sustainable Growth”. The Webinar will have three different sessions. The plenary session would be addressed by Prime Minister, an official statement said.

This session will be followed by six thematic breakout sessions which would take place parallelly The concluding session will be chaired by power and new and renewable energy minister R K Singh.

The Ministry of New and Renewable Energy (MNRE) will be conducting the breakout session on “Scaling up of Renewable Energy”, which will be moderated by Indu Shekhar Chaturvedi, Secretary, MNRE. The session will have two focus areas – solar manufacturing and green hydrogen.

India has a target of installing about 300 GW of solar power capacity by 2030.

A “National Programme on High Efficiency Solar PV Modules” was approved in 2021 to promote manufacturing of high efficiency solar PV modules, including the upstage vertical components like solar PV cells, wafers, ingots, polysilicon. Nearly 9 GW capacity of fully integrated solar PV module manufacturing units for Rs 4,500 crore of initial allocation has been awarded. An additional outlay of Rs 19,500 crore was announced in the Budget 2022-23to set up about 40GW of solar module manufacturing capacity.

In the Independence Day address Modi announced the National Green Hydrogen Mission and stated the goal to make India the global hub of Green Hydrogen production and export.

The proposed National Hydrogen Mission accordingly seeks to evolve a framework for demand creation, support for indigenous manufacturing, research and development, pilot projects in emerging areas, and an enabling ecosystem of policies, regulations and standards. The proposed measures are expected to scale up production, use and export of Green Hydrogen and its derivatives, the statement said.

Source By: www.economictimes.indiatimes.com

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