India has enormous green energy potential as 280 million people have no access to electricity

India is the third-largest power producer in the world. However, the demand for power in India far outweighs the supply which leads to substantial power outages. Over 280 million people in India have no access to electricity. With the Government of India advancing its plans to reduce the power shortage.

Indian Prime Minister Narendra Modi has announced more ambitious targets for 2030, installing 500 gigawatts of renewable energy capacity, reducing the emissions intensity of its economy by 45%, and reducing a billion tonnes of CO_2.

Renewable electricity is growing at a faster rate in India than any other major economy, with new capacity additions on track to double by 2026. The country is also one of the world’s largest producers of modern bioenergy and has big ambitions to scale up its use across the economy. The IEA expects India to overtake Canada and China in the next few years to become the third largest ethanol market worldwide after the United States and Brazil.

A transition to clean energy is a huge economic opportunity. India is particularly well placed to become a global leader in renewable batteries and green hydrogen. These and other low-carbon technologies could create a market worth up to $80 billion in India by 2030. Support from the international community is essential to help shift India’s development onto a low-carbon path.

The conglomerate led by Mukesh Ambani one of the world’s richest man, announced plans to invest $76 billion toward clean energy projects.

“We have a 15-year vision to build Reliance as one of the world’s leading New Energy and New Materials company.

The New Energy business based on the principle of Carbon Recycle and Circular Economy is a multi-trillion opportunity for India and the world.

“It is also an opportunity to make clean and green energy abundantly available at an affordable price to every Indian, every Indian enterprise, and every Indian utility. More than a business, this is our seva to save Planet Earth from the ravages of climate change.” said Mukesh D. Ambani Chairman and Managing Director, RIL.

Gautam Adani one of the world’s richest man to invest $70 billion in India’s green transition.The Andani Group will invest $70 billion in the green transition and infrastructure projects, said chairman  Gautam Adani one of the world’s richest man.