MNRE sets target to achieve 500 GW of installed RE capacity

The Ministry of New and Renewable Energy (MNRE) set a target to achieve 500 GW of installed renewable energy capacity by 2030, which is expected to create a growth opportunity for the market in the future and the Indian renewable energy market is expected to register a CAGR of more than 10%. Green Energy Stocks

India sets targets to reach green power capacity

The decision of the government to add 50 GW of RE capacity each year from hereon is significant as well as challenging because until now, the country has managed to add only a maximum of about 15 GW annually. India has set an ambitious target of having 500 GW of renewable energy capacity by 2030,