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India's Renewable Energy Pledges at the 4th RE-Invest Summit

India's Renewable Energy Pledges at the 4th RE-Invest Summit
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India's Renewable Energy Pledges at the 4th RE-Invest Summit

AspectDetails
Event4th RE-Invest Summit
Hosted byMinistry of New and Renewable Energy (MNRE) and Confederation of Indian Industry (CII)
Total Pledges$386 billion (Rs 32.45 trillion)
RE Capacity Target500 Gw by 2030 (pledges reached 570 Gw)
Key Contributors- Reliance Industries (RIL): 100 Gw - NTPC: 41.3 Gw - ReNew: 40 Gw - Others: Adani, Suzlon Energy
Manufacturing Pledges- Solar module: 338 Gw - Solar cell: 239 Gw - Wind turbine: 22 Gw
Financial CommitmentsRs 24.8 trillion from banks and financial institutions (REC: Rs 6 trillion, IREDA: Rs 5 trillion, SBI: Rs 5 trillion)
State ParticipationAndhra Pradesh: 60 Gw RE, 1.5 MMTPA green hydrogen Goa and Telangana representatives also attended
Current RE Capacity200 Gw (increased 33 times since 2014)
Global CommitmentsPart of India's G20 and UNFCC pledges

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