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India Strives for 500 GW Non-Fossil Power by 2030

OilPrice · Haley Zaremba · last updated
India has been courting foreign and domestic investment in its clean energy industry in an effort to shore up energy security and meet the nation’s lofty decarbonization goals. But a new report reveals that while India has offered up record-breaking clean energy tenders, they have been met with weak demand, revealing a number of major obstacles for the sector.  The Indian government is targeting a minimum of 500 GW of non-fossil power capacity by 2030. This represents a huge uptick from their current levels, which clock in at approximately…