India's energy shift: Major growth in renewables sets stage for a green 2024

Marking a significant milestone in India's green energy chronicle was the launch of the National Green Hydrogen Mission. The government's resolve in augmenting renewable energy was further underscored by its plan to infuse 50 GW of renewable energy capacity annually till FY28.

As the curtains draw on 2023, India's energy sector emerges as a vibrant tapestry, intricately woven with ambitious renewable initiatives, groundbreaking policy shifts, and strategic global partnerships, all painting a promising picture for a sustainable 2024. This year was a watershed moment for India's green energy ambitions, marked by significant strides towards reshaping its energy narrative and setting a global benchmark in the transition to renewable sources.

Marking a significant milestone in India's green energy chronicle was the launch of the National Green Hydrogen Mission. Allocated with a budget of Rs 19,744 crore, the mission aims to spearhead India into becoming a global hub for green hydrogen production, targeting an annual output of 5 million metric tonnes by 2030. Central to this endeavor is the Rs 17,490 crore earmarked under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programmes, promoting the production of green hydrogen and the development of electrolyzers.