From Indiatimes · Atul Mathur · · 1m 50s
Modi's Renewable Energy Push Cuts Iran War Impact
PM Modi says India's clean energy investments shielded the economy from West Asia crisis.
In brief
PM Modi says India's clean energy investments shielded the economy from West Asia crisis. India's renewable energy investments cushioned economic impact from Iran war, targeting 500GW capacity by 2030. Originally reported by Indiatimes.
PM Modi's Renewable Energy Statement
PM Narendra Modi said India's economic growth has remained high despite the West Asia crisis.
“This global crisis has given every country a clear message that energy security is directly linked to economic security”
Clean Energy Investment Impact
India's clean energy investments cushioned the economic blow from the Iran war.
500GW Capacity Target
Modi sets goal to add 500GW of non-fossil energy capacity by 2:10 years.
Current Renewable Capacity
India has nearly 300GW of non-fossil installed power capacity accounting for over 50% of total capacity.
Investment in Renewable Sector
Over Rs 15 lakh crore ($164 billion) invested in renewable energy sector over past decade.
Recent Investment Surge
Rs 6 lakh crore ($63 billion) invested in last two years alone.
Clean Cooking Movement
Modi pitches for clean cooking movement to reduce dependence on imported gas.
Solar Power for Farmers
Modi urges farmers to install solar panels on vacant farmland and field boundaries.
“Annadata should become urjadata”
Rooftop Solar for Cooking
Modi encourages households to use rooftop solar for cooking to reduce gas dependence.
Electric Vehicle Push
Modi promotes wider adoption of electric vehicles with solar-powered home charging.
Energy Security Link
Modi states energy security is directly linked to economic security.
“If we continue to remain too dependent on fossil fuels, global economy will continue to be disrupted again and again”
Investment Opportunity
India's clean energy sector could offer investment opportunities exceeding Rs 20 lakh crore ($220 billion).
Policy Stability Claim
Modi claims India has the best political and policy stability globally.
Solar Power Schemes
Modi references PM Surya Ghar Muft Bijli Yojana and PM-Kusum solar schemes.
Energy Independence Goal
India aims to reduce fossil fuel dependence through renewable energy expansion.
The essence
India's renewable energy investments cushioned economic impact from Iran war, targeting 500GW capacity by 2030.





