India's clean energy tech capacity to rise significantly by 2030, says S&P
India's clean energy technology capacity is projected to rise significantly by 2030, but the country is likely to miss its green energy target due to challenges like availability of technological innovation and skilled labour, a report said on Monday.
The Centre has set a target for establishing 50 per cent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030.
According to S&P Global Commodity Insights, with government's supportive strategies, India's clean energy technology capacity is projected to rise significantly by 2030, aiming for full self-sufficiency in solar PV and wind by 2030.
"However, challenges such as technological innovation gaps, skilled labour shortages, inadequate infrastructure, and inconsistent policy enforcement may hinder progress toward these clean energy goals by 2030," it said.
In support of local manufacturing, various policy measures have been introduced, including tariffs on imported goods like basic customs