India Approves $19 Billion for Renewable Energy Programme
· India · Reuters, rt, Indian Express
The Indian government has approved $19 billion for a new renewable energy programme. The funding will support solar, wind, and other clean energy projects across the country. The initiative aims to boost India's renewable energy capacity and reduce reliance on fossil fuels. The programme is part of India's broader strategy to meet its climate goals. The approval was announced by the Ministry of New and Renewable Energy. No timeline for disbursement of funds was specified in the announcement.
Why it matters
The funding will accelerate India's transition to clean energy and create jobs in the renewable sector. It supports the country's target of achieving 500 GW of non-fossil fuel capacity by 2030.
Read the original report — Reuters
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