India's government has implemented a comprehensive set of policies and initiatives to promote and expand its renewable energy sector as of December 2024. These policies are designed to achieve ambitious targets and support the country's transition to a sustainable energy future. Here are the key aspects of the current government policies on renewable energy:
National Green Hydrogen Mission
The Ministry of New and Renewable Energy (MNRE) is aggressively working towards achieving the targets set by the National Green Hydrogen Mission. This mission aims to produce 5 million metric tons of green hydrogen annually by 2030, positioning India as a global leader in green hydrogen production.
Renewable Energy Capacity Targets
India has set a target to achieve 500 GW of non-fossil fuel capacity by 2030. This includes significant contributions from solar, wind, hydro, and nuclear energy sources. As of October 2024, India's renewable energy capacity has reached 200 GW, marking a significant milestone.
India plans to contract over 100 GW of wind capacity in various states. Wind energy currently contributes about 6% of the demand during non-solar hours on average.
Green Energy Open Access Rules
The Green Energy Open Access Rules 2022 have been issued to promote renewable energy by allowing large consumers to directly purchase renewable energy from producers, bypassing traditional distribution channels.
The government is focusing on key applications for green hydrogen, such as Direct Reduced Iron (DRI) steel production and ammonia manufacturing, to catalyze the domestic market and drive industrial decarbonization.These policies and initiatives reflect India's strong commitment to transitioning to a sustainable energy future, leveraging both domestic resources and international collaborations to achieve its ambitious targets.