IREDA lines up INR 3000 crore for green energy projects in Odisha : CMD Pradip Kumar Das ET Auto

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IREDA drives sustainable development in Odisha through green energy projects.

The agency has been actively involved in promoting sustainable development and environmental conservation in Odisha.

Promoting Sustainable Development in Odisha

IREDA’s efforts in promoting sustainable development in Odisha are multifaceted and far-reaching.

2022, with a focus on solar and wind power. IREDA has been actively involved in the renewable energy sector, providing financing and support to various projects and companies. The company has a strong presence in the Indian renewable energy market, with a focus on solar and wind power.

The Rise of Renewable Energy in India

India has made significant strides in the renewable energy sector, with a focus on solar and wind power. The country has added nearly 15 GW of renewable energy capacity during April-November 2022, marking a substantial increase in the sector’s growth. This growth can be attributed to various factors, including government policies, technological advancements, and increasing public awareness.

Government Policies and Initiatives

The Indian government has implemented several policies and initiatives to promote the growth of renewable energy in the country.

The country’s renewable energy sector has seen significant growth, with solar power leading the way.

India’s Renewable Energy Sector: A Growing Force

India’s renewable energy sector has experienced remarkable growth in recent years, with the country’s installed capacity in the non-fossil fuel energy sector reaching 214 GW. This represents an increase of over 14 per cent compared to the same period last year. The growth in the renewable energy sector has been driven by a combination of factors, including government policies, declining costs, and increasing public awareness.

Key Drivers of Growth

  • Government Policies: The Indian government has implemented various policies to promote the development of renewable energy. These policies include the National Solar Mission, the Jawaharlal Nehru National Solar Mission, and the Renewable Energy Development Programme. Declining Costs: The cost of renewable energy technologies, such as solar panels and wind turbines, has decreased significantly over the years. This has made renewable energy more competitive with fossil fuels, leading to increased adoption. Increasing Public Awareness: Public awareness and education about the benefits of renewable energy have increased in recent years. This has led to greater demand for renewable energy and more investment in the sector. ## Solar Power: The Leading Force in Renewable Energy**

    • Solar Power: The Leading Force in Renewable Energy

    Solar power has emerged as the leading force in India’s renewable energy sector. The country has set ambitious targets to increase its solar power capacity to 100 GW by 2022.

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