India’s green ambitions: A key milestone crossed and yet miles to go
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13 hours, 25 minutes ago

India’s green ambitions: A key milestone crossed and yet miles to go

Live Mint  

New Delhi: In October, India reached an important milestone in its green energy ambitions: an installed renewable energy capacity of 203.18 GW. Green IPOs and nuclear energy India’s green energy sector is leading a shift in the economy, said Manoj Bansal, partner at Grant Thornton Bharat, adding that emerging areas like green hydrogen, energy storage, and carbon capture are attracting significant investments. “Sectors like electric mobility and bio-energy are set to play a crucial role in sustainable growth.​" The significance of green energy in the economy can be gauged from the initial public offerings of green power companies that hit the market this year, including ACME Solar Holdings Ltd, Waaree Energies Ltd and state-owned NTPC Green Energy Ltd. Other state-run energy companies or their green energy arms, including Solar Energy Corporation of India, SJVN Green Energy Ltd, and NLC India Renewables Ltd, are also planning to go public shortly. Green hydrogen and recycling batteries “Energy transition is a global megatrend and India will see significant investments in the sector.

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