India's Pathway to Energy Self-Reliance: Charting a Course Towards a Green Vishwaguru Bharat
Key Ideas
- India has the potential to scale low-carbon energy rapidly with its vast solar and wind potential and a strong power grid network.
- To achieve energy self-reliance, India needs to build a flexible power system, look beyond solar to other low-carbon sources like wind and nuclear, and unlock green hydrogen.
- The country aims to become a global supplier of low-carbon energy by leveraging storage solutions, innovative nuclear technologies, and the green hydrogen revolution.
- India's energy transition goals include pursuing 500 GW of renewables by 2030 and establishing itself as an indispensable trade partner worldwide.
In a conversation featured on Episode 2 of the India for the World podcast by Mint and BCG, Mahesh Kolli and Vishal Mehta assess India's journey towards green energy and energy self-reliance. India, with its vast solar and wind potential and a robust power grid network, is positioned as a global leader in the energy transition. The country installed over 28 GW of solar and wind capacity in 2024, showcasing significant progress. To achieve its ambitious goals, India must focus on building a flexible and reliable low-carbon power system that can balance intermittent renewables with storage solutions. Additionally, the country needs to diversify its sources of low-carbon energy beyond solar to include wind and innovative nuclear technologies like Small Modular Reactors. Green hydrogen emerges as a key player in India's energy strategy, offering the potential to transform the country from an energy importer to an exporter. With the National Green Hydrogen Mission aiming to reduce the cost of domestic green hydrogen and establish India as a supplier of low-carbon molecules globally, the country stands at the brink of a transformative opportunity. By embracing a 'Local for Global' approach, India can strengthen its position in the international trade arena. The article emphasizes the need for Indian businesses and the government to take action now to capitalize on this momentum and shape a sustainable future for the nation.
Topics
India
Green Hydrogen
Energy Transition
Energy Storage
Renewables
Wind Energy
Global Trade
Solar Energy
Nuclear Power
Low-carbon Economy
Energy Self-reliance
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