(MENAFN- KNN India) New Delhi, Nov 11 (KNN) Vaishali Nigam Sinha, Co-founder and Chairperson (Sustainability), ReNew, said India has achieved 51 percent non-fossil capacity and cut emissions intensity by 36 percent. She added that the government's 73 GW of renewable tenders in 2024 underscores its push to speed up deployment.

COP30 has opened in Belém, Brazil and Indian power sector leaders remain confident of achieving the 500 GW target. Experts, however, caution that transmission and policy bottlenecks persist.

India has so far added 256 GW of non-fossil capacity, with 30 GW commissioned last year and another 40 GW expected in 2025. To achieve the 2030 goal, the country will need to add at least 50 GW annually over the next five years, as reported by the Financial Express.

Praveer Sinha, MD and CEO, Tata Power, said India's annual renewable additions have risen from about 5 GW a decade ago to 30 GW last year. Tata Power added 1 GW in FY25, expanding its green portfolio to 6.87 GW, with a target of 33 GW by 2030.

Anujesh Dwivedi, Partner, Deloitte, said the government's push for dispatchable renewable energy through storage integration, along with schemes like VGF for batteries, the Green Hydrogen Mission, and solar module initiatives, will enhance sector stability and growth.

Pradeep Singhvi, Executive Director, Grant Thornton Bharat, highlighted India's 'full-spectrum approach', including the expansion of carbon markets, carbon capture and storage (CCUS), and efforts to establish a climate finance taxonomy to ensure equitable funding access.

Rahul Raizada, Partner, Climate and Energy, PwC India, said achieving the 500 GW goal will require adding 50–60 GW annually and adopting a system-level approach integrating land, transmission, storage, and market readiness.

Experts agree that with sustained policy and investment focus, India remains on course to meet its 2030 clean energy goal.

(KNN Bureau)

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