Page 31 - Hitachi IR 2025

India’s electricity consumption: Key facts
3rd
largest consumer of
electricity worldwide
4th
largest installed renewable
energy capacity
3rd
largest emitter of
CO2 emissions
Regulatory environment
In India, the government is working
on unifying various renewable
energy policies, providing a clear
path for renewable energy growth
and creating a strong foundation
for renewable energy targets and
regulation. India has a robust
regulatory and policy framework
and a favorable business
environment for renewable
energy projects.
India's path to sustainable and
low-carbon growth
India has devised a Long-Term
Low Greenhouse Gas Emission
Development Strategies (LT-LEDS)
to chart a sustainable path forward
in addressing climate change.
This involves seven key strategic
transitions, as below:
1. Low carbon development of
electricity systems, consistent
with development.
2. Developing an integrated,
efficient, inclusive low-carbon
transport system.
3. Promoting adaptation in urban
design, energy and material-
efficiency in buildings and
sustainable urbanization.
4. Promoting economy-wide
decoupling of growth from
emissions and development
of an efficient, innovative
low‑emission industrial system.
5. CO2 removal and related
engineering solutions.
6. Enhancing forest and
vegetation cover consistent
with socio-economic and
ecological considerations.
7. Economic and financial aspects
of low-carbon development
and long-term transition to Net
Zero by 2070.
The AtmaNirbhar policy fosters
strong incentives for capacity
addition and conducive policies
for research-led innovation,
aiming to set up a competitive
renewable energy ecosystem.
This transformative shift is
supported by innovative policies,
renewable energy expansion
and multi-sectoral collaboration,
aiming to position India as a
global leader in sustainable
energy, while safeguarding its
developmental aspirations.
The production linked incentive
(PLI) Schemes is a key pillar
of the government’s ambitious
efforts to position India as a global
manufacturing hub, aiming for a
strategic leap towards self-reliance,
in addition to fostering innovation,
efficiency and competitiveness
across industries. It is aligned
with the vision of AtmaNirbhar
Bharat and the Make in India
initiative, aiming to empower the
manufacturing sector, reduce
reliance on imports, and balance
growth with sustainability.
The Ministry of New and
Renewable Energy (MNRE)
implemented the PLI scheme for
the National Programme on high
efficiency solar PV modules. The
scheme aims to build an ecosystem
for manufacturing of high efficiency
solar PV modules in India, and thus,
reducing import dependence in
the area of renewable energy. The
scheme aims to promote setting up
integrated plants for better quality
control and competitiveness,
and developing an ecosystem
for sourcing local material in
solar manufacturing.
As part of the PLI scheme, the
government also approved the
National Programme on Advanced
Chemistry Cell (ACC) Battery
Storage, with the objective of
strengthening the ecosystem
for electric mobility and battery
storage and enhance India’s
manufacturing capabilities.
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