India Unveils National Electricity Plan For 500 GW Renewable Goal
India’s National Electricity Plan, announced in October 2024, aims to expand renewable energy capacity to 500 GW by 2030 and 600 GW by 2032. Key objectives include building 1,91,000 circuit kilometers of transmission lines and implementing advanced technologies like high-performance conductors and hybrid substations. The plan also emphasizes the development of energy storage systems, with 47 GW of Battery Energy Storage and 31 GW of Pumped Storage. Cross-border energy connections with neighboring countries and coastal areas are targeted for renewable integration. The initiative expects to attract INR 9,15,000 crore in investments by 2032.
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