[Global Times Reporter Reporter
Yuan Jirong] The Indian Electric Power Department announced a plan to transform the power grid on the 14th to meet the demand for power transportation needs brought about by the large -scale expansion of renewable energy by 2032.Yahoo Finance website reported on the 15th that this is the latest measures for India to improve infrastructure and pursue energy transformation in recent years.In a statement, the Indian Electric Power Department stated that the plan is expected to cost 9.15 trillion rupees (about 109 billion US dollars), and it is expected that India’s renewable energy power generation will increase by more than twice from now.Hyderabad Wealth Management
Indian Prime Minister Modi promised at the Paris Climate Conference in 2015 that by 2022, it would increase India’s capacity power generation capacity to 175 Gaval, but by 2024, it would still be 13%different from this target.To achieve this goal, India has continued to invest.On September 16, Plarad Joco, Minister of New Energy and Renewable Energy, said that financial institutions have promised to join investment to support the development of the renewable energy industry in India.
In recent years, India has suffered from insufficient power supply to production and life. Especially in the summer, it encounters a high temperature of nearly 50 degrees Celsius during the day and the peak of electricity consumption caused by growing economic activities., Frequent challenge the upper limit of the power system.According to official statistics from India, India also loses 16 billion US dollars in electricity losses each year, affecting 1.5%of the GDP in India.Bloomberg recently reported that the power transmission capacity has become one of the main obstacles of global renewable energy growthNew Delhi Wealth Management. In some countries, the surge in power demand has led to the surge in power grid equipment.Kanpur Stock
Under the pressure of power and energy demand, India actively attracts European and American new energy companies to build factories in India.India has jointly launched the "India-German Global Renewable Energy Investment Platform" with Germany.According to German data, since 2024, Germany has approved more than 1 billion euros in India in the form of preferential loans and technical cooperation.On September 13, the Japanese Sumitomo Group stated that it had established a joint venture with India’s renewable energy company to enter the Indian renewable energy market.In the future, the company will provide Indian customers with solar and wind power generation equipment and give financial support.The United States Renewal Energy Corporation Ohmium also announced in September this year that it will invest in construction and manufacturing factories in Tamil Nadang, India.
In addition, India has been imported from India for a long time in new energy power generation.According to data from Indian government, from 2021 to 2022, India imported a photovoltaic board worth $ 3 billion, of which 92%came from India.In 2022, in order to reduce its dependence on imports of India, India has greatly adjusted the import tariff strategy and levies 40%and 25%of basic tariffs on imported photovoltaic components and solar cells, which are considered to India.Nevertheless, according to the data of the Indian Solar Manufacturing Association, India imported from India in 2023 to India with a value of about $ 2.85 billion in solar photovoltaic components, accounting for about 66%of the total imports of solar components that year.
catalogs: 115955; Contentid: 13142200; Public Report; Timestamp: 2024-10-17
08:04:02;
[Editor in charge:Mumbai Wealth Management
Simla Investment