Particle.news
Download on the App Store
11 ARTICLES
·
3w ago

India Nears 50% Renewable Power Capacity and Fortifies Energy Storage and Supply Chains

A ₹1 lakh crore research fund will fuel domestic innovation across energy storage; EV charging networks; critical minerals research to bolster India’s push toward 500 GW of renewables by 2030.

Image
Image
Image
Photo: IANS

Overview

  • Union Power Minister Manohar Lal said non-fossil fuel sources now account for 235.53 GW of India’s 475.59 GW installed capacity, putting the country on track to reach a 50 percent clean power share by year-end.
  • Commerce Minister Piyush Goyal highlighted a 4,000 percent surge in solar installations over the past decade, driving overall renewable capacity to 227 GW.
  • The Union Cabinet approved a ₹1 lakh crore Research, Development and Innovation Fund under Prime Minister Narendra Modi to boost domestic R&D and match advanced economies’ investment levels.
  • Officials urged energy storage companies to reduce reliance on imports, diversify supply chains for batteries and critical minerals, and focus on innovative domestic solutions.
  • Policymakers called for rapid deployment of energy storage systems and expansion of EV charging and battery-swapping networks to stabilise the grid and underpin the 500 GW renewables target by 2030.