“It is commendable to see that India has made significant progress in its commitment to climate goal by transforming the power sector. Today non-fossil sources form about half of total installed electricity generation capacity and solar is leading this transition. In fact, this thrust is showing no signs of slowing with initiatives like PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), making every consumer a prosumer, which in turn is expected to generate substantial rooftop solar capacity and cut CO₂ emissions by approximately 720 million tonnes over 25 years.
But sustaining this transition over the long term will need a more comprehensive approach. It will require an equal thrust on building robust, end-to-end domestic solar PV manufacturing capability and a strong domestic market to absorb it. The favourable policy framework to ensure manufacturing and deepening of backward integration have laid the groundwork, what we need now is scaling up of power infrastructure to support the fast-growing demand of Renewable Energy power. This is the surest path for India to achieve its 500 GW non-fossil capacity goal by 2030 and staying firmly on course to net zero by 2070.”
