THE OVERWHELMING RESPONSE RECEIVED BY THE IREDA IPO HAS AGAIN PUT THE SPOTLIGHT ON THE RENEWABLE ENERGY SECTOR IN INDIA, THE WORLD’S THIRD-LARGEST PRODUCER OF ENERGY. HERE IS WHAT THE NUMBERS SAY:
Wind turbines at Bharat Light & Power’s wind farm in Rewalkawadi, Maharashtra (Photo by GETTY IMAGES)
66%: The share of renewable energy the government is looking to achieve by 2032 in total installed capacity, compared to 42 per cent in July 2023
Rs 24.43 LAKH CRORE: The total outlay expected towards renewable capacity additions during FY23-FY32
25 TIMES: Surge in the central government’s spending on new and renewable energy to Rs 10,222 crore in FY24 (BE) from Rs 395 crore in FY14
THE OVERWHELMING RESPONSE RECEIVED BY THE IREDA IPO HAS AGAIN PUT THE SPOTLIGHT ON THE RENEWABLE ENERGY SECTOR IN INDIA, THE WORLD’S THIRD-LARGEST PRODUCER OF ENERGY. HERE IS WHAT THE NUMBERS SAY: