*In June 2021, Prime Minister Mr. Narendra Modi stated that renewable energy capacity in India increased by 250% between 2014 and 2021.
*The Central Electricity Authority estimates India’s power requirement to grow to reach 817 GW by 2030. Most of the demand will come from real estate and transport sectors.
*Non-conventional energy sector received FDI inflow of US$ 14.12 billion between April 2000-March 2023.
*Rising foreign investment in the renewable sector (such as the US$ 75 billion investment from the UAE) is expected to promote further investments in the country.
*According to the International Energy Agency (IEA), India's installed renewable energy capacity will reach 174 GW in 2023, accounting for about 37% of the country's total energy supply. The report indicates that India has exceeded its target of installing 175 GW of renewable energy capacity by 2022, with a projected capacity of 280 GW by 2025.
*In the Union Budget 2022-23, the government allocated Rs. 19,500 crore (US$ 2.57 billion) for a PLI scheme to boost manufacturing of high-efficiency solar modules.
*India launched the Mission Innovation CleanTech Exchange, a global initiative that will help accelerate clean energy innovation.
*Globally, India ranks fourth in renewable energy capacity and wind power and fifth in solar power capacity.
*In October 2021, India retained its third rank on the EY Renewable Energy Country Attractive Index 2021.
India is the fourth most attractive country on the renewable energy index globally.
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