CURRENT AFFAIRS
CURRENT AFFAIRS
Description
The 4th RE-Invest Summit, hosted by the Ministry of New and Renewable Energy (MNRE) and the Confederation of Indian Industry (CII), saw leading renewable energy (RE) developers, manufacturing companies, banks, and financial institutions pledge nearly $386 billion (Rs 32.45 trillion) to develop RE projects by 2030. India wants to build 500 gigawatts (Gw) of renewable energy capacity by 2030, but solar power sector promises have reached 570 Gw. RIL tops the pack with a pledge of 100 Gw, followed by NTPC (41.3 Gw) and ReNew (40 Gw).
ReNew aims to create 6 Gw of solar manufacturing capacity, while Gujarat-based Torrent Power has committed to 10 Gw. A new program named 'Shapath Patra' intends to attract green energy investments, with pledges of 338 Gw for solar module production, 239 Gw for cell manufacturing, and 22 Gw for wind turbine manufacture.
Major Contributors
Reliance Industries (RIL) plans to have 100 GW of renewable energy capacity by 2030.
NTPC: 41.3 GW.
ReNew: 40 Gw, including plans for 6 Gw of solar cell and module manufacture.
Adani New Industries Ltd (ANIL) manufactures 3.9 GW wind turbines.
Suzlon Energy manufactures 2.8 GW wind turbines.
Financial Commitments
Banks and financial institutions invested Rs 24.8 trillion to finance renewable energy projects, with REC leading at Rs 6 trillion. IREDA committed Rs 5 trillion, with Power Finance Corporation (PFC) contributing Rs 3 trillion. SBI committed Rs 5 trillion, while PNB contributed Rs 79,000 crore. Brookfield leads private investors with Rs 54,000 crore.
State Participation
Key attendees included Andhra Pradesh Chief Minister Chandrababu Naidu, Goa Chief Minister Pramod Sawant, and Telangana Deputy Chief Minister Mallu Bhatti Vikramarka. Andhra Pradesh plans to build 60 Gw of renewable energy capacity by 2030, as well as 1.5 MMTPA of green hydrogen production.
Growth And Global Commitments
India's solar capacity has expanded 33 times since 2014, with the country now at 200 Gw of renewable energy capacity and aiming for 500 Gw by 2030. This is one of India's global obligations, including at the G20 and the UNFCCC.
Welcome to Notopedia.com, your free learning platform that caters to the diverse needs of students and aspirants across a spectrum of entrance exams and educational endeavors. Whether you're preparing for highly anticipated exams like CAT 2023, NEET 2023, JEE Main, or bank job vacancies, our platform offers a wealth of resources to guide you towards success. Stay up-to-date with the latest exam dates, announcements, and results for various government recruitment exams, including SSC CGL, CHSL, NDA, and UPSC. Explore comprehensive study materials, sample papers, and exam patterns to hone your skills and boost your confidence. From important dates like CBSE Class 10 and 12 date sheets to exam-specific information like JEE Main 2023 application form date, we cover it all. Notopedia.com is your go-to source for everything from admissions and admit cards to scholarships and college information. Whether you're aiming for a career in defense, government, banking, or higher education, our free learning platform equips you with the knowledge and resources you need to excel. Join us in your educational journey and unlock a world of opportunities, guidance, and comprehensive support.
For more Updates and Information - Visit Notopedia's Bulletin Board
For Latest Sarkari Jobs - Visit Notopedia's Sarkari Jobs Section
For access to more than 20,000 Colleges - Visit Notopedia's College Section
For School Studies and Exams Preparation across 14 Boards - Visit Notopedia's School Section
For Comprehensive Preparation of Sarkari Job Exams - Visit Notopedia's Sarkari Exams Section
